Michael famously quit his $450,000 job at Netflix, and asked for (and received) a severance package in the process! If you're thinking about quitting your job, consider these points before leaving:
Timing is important
- It’s better to leave on the 1st of the month than the 31st because employee benefits renew on a monthly basis.
- If you leave on the 1st, it’s like getting a full extra month of benefits.
- But if you leave on the 31st, your benefits may end the next day.
Quitting is a trade-off
- You’re weighing that the negatives of staying outweigh the negatives of losing out on income.
- If you have to cut vacations, move away from loved ones, and say no to social events, then those negatives may outweigh the negatives of your job.
Act with urgency
- If your career is not going the right way, take action quickly.
- If you stay an extra two years at a job you wanted to leave and did this over five jobs in your lifetime, that’s ten years of your life spent doing work you never wanted to do.
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