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Should I Quit My Job?

Should I Quit My Job?

If you are working a full-time job, there’s a good chance you aren’t happy. In fact, it’s likely. 53% of American’s reported being unhappy with their current position, resulting in many wondering, “should I quit my job?”

This question can be hard to answer. Do you have enough money to quit your job? Can you find a new position relatively easy? What are the reasons you’re unhappy with your current job?

You’ll need to answer all of these questions before you should decide whether quitting your job is the right option.

Determine Your Reasons

The best way to know if you should quit your job is by keeping track of your feelings.

This can be done on a notepad or journal. After work, take notes of your feelings. Are you frustrated or annoyed? Write it down.

You should write anything and everything. There are no right or wrong answers.

After a couple of weeks, go back through your journal and see if your emotions are consistent. If the answer is yes, there could be a more serious underlying issue with your position.

If you find that they tend to vary from day to day, it could just be normal stress that a job brings.

We’ve put together a list of items to consider when deciding whether or not to quit your job.

Work Environment

Your work environment consists of many different aspects. It might be the physical location of your job and the building itself, or it could be the unspoken rules held in your office.

Spotting a poor work environment can be difficult during the interview process, leaving many figuring it out after accepting a job.

Poor work-life balance, communication among team members, and flexibility are all red flags when it comes to spotting a poor work environment so be on the lookout.

Additionally, if there is any verbal or sexual harassment occurring, this is a good reason to start looking for a new position immediately.

Pay & Growth Opportunity

If your job is lacking career advancement opportunities, it might be time for you to leave.

If you’ve been in your position for a few years and it seems that there is no opportunity to advance, you should consider both the well-being of the company and your position as a whole.

Do you work in a position in which there is little advancement opportunity to begin with? Or does your company give preference to outsourcing new employment opportunities?

You should also note how long you have been in your current position. Those looking for a promotion opportunity after only a few months in the job might not have realistic expectations of their company and should reconsider.

Commute

If your job comes with a long commute, there’s a good chance you’ll be much more likely to leave. Hours spent in the car dealing with traffic are not good for your stress levels or mental health. You should add this to part of your equation when determining whether or not to leave your current position.

Leadership

Poor leadership can make your job feel like it has no direction or guidance and the consequences are endless.

Employees working in environments with poor leaders can suffer from a lack of motivation to excel in their work, mismanagement of resources, and low morale among team members.

Company Values

Does the company you work for align with your values? If not, it might be time for a change. If your company does not align with your values, this is likely something that will not change.

Weigh Your Options

If you’ve come to the conclusion that your current position is bringing more stress than security in your life, you’ll then need to weigh your options on what to do next.

You might think you only have one option, but that’s not always the case.

Are you nearing retirement? Maybe consider an early retirement with a few side hustles to hold you over. Or perhaps consider starting your own business based on your passions.

Retiring Early

As mentioned above, if you’re nearing the retirement age, you might consider retiring early. If your finances align, an early retirement can provide you with time to pursue your desires.

If you decide that retiring early is right for you, you’ll need to ensure that your finances can support your lifestyle without your primary source of income. It’s wise to have at least 25 times your annual savings stored away between savings accounts and investments. This will allow you to live off of 4% of your savings each year.

Start a Business

If you’re not close to retirement age, you could consider starting a business to fill your income needs. While there’s a good possibility you might not make as much money as you previously did at first, you’ll have a much greater opportunity in the future.

Starting a business is not for everyone. It will take much dedication and perseverance to become a successful entrepreneur but if you have those qualities, there’s a good chance you’ll become a strong business owner.

There are thousands of businesses you can start, from lawn care to car detailing, and even a vending machine business. You don’t need to have “the next big idea” to be a successful business owner.

Continuing Your Career

For those looking to continue or advance their career, try to gauge your options to see how long it might take to land a new position.

If you believe it may take a while to find a new opportunity, consider delaying your leave as long as possible unless your finances are in order.

Deciding to Quit

If you do decide that finding a new job is your best opportunity, you should do so in a professional manner.

Maintaining professionalism throughout your stay at your current company should be a priority prior to your departure.

Those leaving distastefully will decrease their chance of ever being hired back again at the company and they could reach out to your new company letting them know about the situation.

Finding a Job that Suits Your Needs

There’s nothing worse than leaving one company because of a toxic work environment and walking directly into a new one with similar issues.

There are a few things you can do to judge whether your next position might also come with less than the ideal working conditions.

Ask Questions

During the interview process, it’s good nature to ask questions. This is a good time to ask potential colleagues about the work environment. Take note of their answers. If the common answer is that “the environment is challenging” or “it’s extremely busy”, these could be potential red flags.

Check Social Media

Social media is a great place to find whether or not your next job might come with a lackluster environment. You can search websites like LinkedIn to find potential colleagues and see what they are saying about the company.

You can also check to see how long they have been with the company. If there are many people who have been at the company for less than a year, this could be a negative sign.

Check Reviews

Websites like Glassdoor.com and others include reviews of companies from past and current workers. This can be a treasure trove of useful information to consider when interviewing for a new job. In addition, you can also view some salary information that might be helpful when negotiating your pay.

Conclusion: Should You Quit Your Job?

When determining whether or not to quit your job, there are many factors you should consider. If you work in a poor environment, it might be time to call it quits for your own mental health and well-being.

Before leaving your current job, weigh your options before making a decision. You might think that finding a new job is your only option, and that couldn’t be further from the truth. Between consider an early retirement and starting a business, there are several options you might consider.

If choosing to continue your career, there are a few things you can do when searching for a new job. By asking questions, reviewing social media, and checking review websites, you’ll better your chances of landing a job at a company that suits your needs with a positive outlook on the future.

Deciding if quitting your job can be a stressful decision. For some, however, the decision might be quite simple. By weighing your options and being prepared, you can make the best decision.

Have you had to make a decision about quitting your job? Tell us your thoughts below!

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Forrest
Forrest is a personal finance, entrepreneurship, and investing enthusiast dedicated to helping others obtain life long wealth. He owns several different blogs and is also passionate about health and fitness.

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