Congratulations, you’ve received a new long-waited higher-salary job offer!
Yet, there’re many other factors that you have to think about before signing the new offer and changing jobs; Does the new company’s culture meet yours? Will you grow and develop in the new role? What additional benefits will you enjoy? Will the opportunity add value to your career?
These are some essential aspects, but there’re also other sides that you have to consider- typically, BEFORE starting your new job.
Check out 7 things to consider before changing jobs!
1. Your superannuation
It’s critical to consider savings at this time since it may assist you in ensuring you have enough money to retire with. You should ensure you have enough money to live with if the new company cancels its offer.
Stick to that fund once you’ve determined you’re in good hands. Make sure you take your super fund with you if you move jobs. You don’t want to be saddled with many debts.
Under almost all laws, companies must pay you an end-of-service gratuity, so ensure that all your money will cover your expenses until you receive your new job’s first month’s salary.
2. The Transition Period
Thinking about what you’ll do during the period when you leave your current job and get the new one is essential.
Do you need some relax-time? Or do you need to sharpen some of your skills for the new role?
Will you need more money for a vacation, or can you take a free online course?
It’s also a good idea to consider the unemployment period and your expenses to adjust your lifestyle correctly.
3. Your Development Potentials
When asked, “Why do you want to change your job?” we always reply with “to find more development opportunities so I can utilize my skills and experience.” This is not a cliché answer; you should ensure that the new company will help you expand your knowledge. Ask about their evaluation policies, your expected promotions if you prove your capability, your new team’s size, etc. Make sure that you know everything about the new job’s environment.
4. Employee Satisfaction
Employee satisfaction is a person’s total happiness and satisfaction at work. Personal pleasure varies by individual, yet there are specific common values. Job satisfaction is classified into two types: inner and external.
Inner job satisfaction refers to a person’s pleasure with the sort of work they do. Work circumstances, interpersonal interactions, and remuneration contribute to external job satisfaction. An absence of one or both of these components indicates a need for change. So, consider knowing more about the employees’ satisfaction in your future company.
5. Extra Advantages
Many businesses give their employees additional perks to keep them involved with the corporation: annual leaves, maternity/paternity breaks, education, housing allowance, and more. If you aspire to receive any particular perk, you should inquire with the hiring manager about it.
6. Turnover Rates
Employee turnover is referred to as the pace at which employees depart an organization. It denotes an underperformance in the workplace and can be caused by resignations, downsizing, dismissals, or dismissals.
According to the Bureau of Labor Statistics, 2.2 percent of employees quit their employment each month, and 1.4 percent are laid off or terminated. Turnover prices differ by industry and geography. However, there are certain generalizations. A relatively high turnover rate might signal an insecure job.
7. Your Happiness and Work-life Balance
Besides considering the financial benefits, your happiness is essential, and Covid-19 had taught us all a great lesson regarding our well-being when all the world was obliged to turn to the work-from-home system.
So, it would help to consider how much time you’ll save to enjoy practicing your hobby or going to your favorite Zumba class.
Also, will the new salary help you do more shopping or buy your favorite Sushi meal without affecting your monthly needs?
Does the new company provide benefits such as a fitness program or a gym membership that you may begin using immediately?
It is strongly suggested that you know about the new company’s culture before changing jobs. Try to ask if the company offers a job audition so you can try working for them for a day to test the waters and know how your typical workday will be like.
Thinking about the fundamentals of your everyday routine and wellness now might be beneficial later.
Hope these tips help you take your career to the next level!