By Paulo Vargas on May 5, 2015
Millennials (yes that probably includes you) are entering the workforce in droves. At least half of the Philippines' millennial population, people born from the early 1980's to the early 2000's, are already of working age. With young employees like these come unique problems like high attrition. Millienials usually leave their first job within just two years of joining.
This probably sounds just like you or a friend of yours. Millenials usually switch jobs as a way to explore what's really in the cards for them. Sound like you again? Know that this is a completely acceptable way of building a career but before you jump onto that next stepping stone, ask yourself, are you really ready to quit your job? If you say that you are, think again. Here are 4 questions you need to ask yourself before turning in that resignation letter.
1. How much money do I have in the bank?
Quitting in the heat of the moment can backfire in so many ways. Financially, everyone should have savings of at least a month's worth of salary or more. If you recently moved out, chances are, you're strapped for money. You now have monthly obligations you can't really pass on. Quitting without money in the bank might even mean you'll have to get the next job that you're accepted into just because you need the money.
Whatever the situation is before you leave your job, take a breath, and look at your bank account. If you can still endure, stay for enough time that you can fatten it up.
2. Will this look good on my resume?
If you've been with your current company for only a few months and you want to quit, you must have a good reason because it will definitely come up in your next interview.
Thinking of leaving that portion out? Leaving a portion out of your resume will look like you've been unemployed for a long time.
The only way to win in this situation is to examine why you're leaving, stand by it, and practice saying it in a way that other people will understand and respect.
3. Do I have anything lined up?
"If you do decide to quit, be responsible enough to find another job before quitting. It will not look good if you quit without any definite job waiting," said the late Interior Secretary Jessie Robredo in his letter to his daughter, Aika. Any parent will give this sound advice to us millennials without missing a heart beat.
The clearer the path is post-quitting, the better you'll feel about the decision.
4. Is the grass really greener?
If the reason you want to quit is because you're stressed and burnt out, any job will seem 100 times better than your current one. Remember that every job has its pros and cons. A higher paying job may be a longer commute, a better office may come with a horrible boss, a job with better benefits may have longer working hours. Write the advantages and disadvantages down and look at them objectively. Then ask yourself again, "Is the grass really greener?"
If you happen to be quitting your job to pursue a passion, better make sure you know how you can effectively make your passion profitable.
It's time to take off your rose-colored glasses and look at the idea of quitting a little more clearly. Despite its drawbacks, quitting may sometimes bring more harm than good. Even Mr. Robredo advised young professionals, endure.