In this tough economy, quitting your job is probably the last thing on your mind. If the economy was better, it might be a no-brainer as you could easily get a new job. But just because the economy is tough, it doesn’t mean you shouldn’t be looking for greener pastures if your current job is intolerable. Here are four reasons why you should begin looking for a new job sooner rather than later.
Reasons Why You Should Quit Your Job
Your Company is in a Downward Spiral
If you have noticed that your company is cutting back on expenses, including raises and benefits and revenues have been trending down, you might want to consider looking for a new job now. The reason is because if the company is a sinking ship, you are going to lose your job eventually, either through a layoff or the company simply going out of business. There is nothing more nerve racking than wondering if you are going to have a job at the end of the month.
Before you jump ship, make certain you understand the dynamics of your company. When the economy tanked in 2008, my then employer froze wages, cut the education assistance plan and laid off a handful of workers. We weren’t in going out of business mode, times just got tough. We were still making money, just less. And when the economy started to pick back up, things began to return to normal. Make sure you focus on the overall health of your company and not just knee jerk reactions to a tough period.
You Hate Your Job
This one too needs to be handled delicately. I’ve had jobs, as I’m sure everyone has, that I disliked. But we have to figure out why we dislike it. Maybe it’s just the current project we are working on or maybe our stressful personal life is spilling over and affecting our work. Or maybe you truly hate your job. You need to sit down and determine the root cause of your feelings for your job.
When I was in my last position, I hated it. In fact, hate doesn’t even begin to describe how much I disliked it. For reference, I have been told numerous times that I am a model employee. I work hard and do what needs to be done to get the job done. But this last job I couldn’t do it. I would call off because I couldn’t face going in; I hated most of my co-workers (and I tried numerous times to improve the relationship to no avail); there was no appreciation for my work – I was treated just plain badly. That signaled to me that I needed to get out of there. I ended up finding another job and haven’t looked back. In fact, my friend couldn’t stand it either and quit not long after I did.
Relationship With Management is Damaged
By damaged, I mean beyond repair. You have to first sit down with the people in question and discuss the issues at hand with them to see if there is any chance that you can reconcile things. It doesn’t matter if the relationship is damaged because of you abusing the company vacation policy or your manager being untrustworthy because they took credit for all of your hard work. Whatever the case may be, first try to repair the relationship. If it cannot be repaired, then it is time to look for a new job. After all, no one wants to work with people they cannot get along with or trust.
Your Company Lacks Ethics
We all fail to meet deadlines now and then. But at some point, you have to ask yourself if missing the deadline misleads the client. If you notice that co-workers or management lies to customers, be it when an item ships or saying there aren’t any additional fees when there really are, you need to take note.
I’ve recently dealt with a company whose website said a certain item was in stock and when I made my purchase, was told that it was on backorder – a month later. I canceled the order and looked elsewhere but couldn’t find what I wanted. For whatever reason, I gave them a chance to redeem themselves a month later. The website said it was in stock. The employee on the phone said the item was in stock as well so I placed my order. After a few weeks of no updates, I called again and was told the item shipped that day. Now I come to find out that there are additional fees for delivery that I was never told about. Nevertheless, I will not be doing business with this company again.
If you realize that you wouldn’t do business with your employer if you were a customer, then you should start looking for another job.
Even when times are tough and jobs are scarce, it still may be in your best interest to look for another job. You need not quit your current job before looking or even getting hired. You just have to make certain that your current employer is not the best fit for you. Once you do this, regardless of the economy, you need to start the process of finding a job that better fits you.
Hi, my name is Jon and I run Penny Thots. I blog about many personal finance topics, but my specialties lie in investing, paying off debt, and achieving your financial goals. You can learn more about me on the Author Page.