Five Crucial Steps To Take Before Quitting Your Job
When you're getting ready to quit your job, your main concern is likely the talk where you tell your boss and team that you're leaving. But before you do that, here are five essential things you should do to make sure the switch is smooth.
Check for Gratuity
Make sure you're aware of your gratuity entitlements. Check your employment contract and company policies to understand how gratuity is calculated and when it will be paid out. This is your hard-earned money, so ensure you receive it when you leave. According to The Payment of Gratuity Act 1972, you become eligible for gratuity after working with a company for at least five years.
Check Your PF and ESI Number
Verify your Provident Fund (PF) and Employee State Insurance (ESI) details. Ensure your contributions are up to date and that you have all the necessary information to transfer or withdraw these funds as per your needs.
Claim Your Paid Leaves
Don't forget about those paid leaves you've accrued. Depending on your company's policy, you might be able to encash them or use them before you leave. It's your right, so make sure you get what you're owed.
Get Your Documents in Order
Collect all your important documents, including your experience certificates, relieving letter, and any other paperwork that might be needed for your next job or future references. It might help to also download your salary receipts and any comments on your work performance. Having these readily available can save you a lot of hassle down the road.
Check for Bonus
If you're eligible for any pending bonuses, make sure you claim them before quitting. Check your employment agreement and company policies to understand the criteria for receiving bonuses upon departure.
By taking these five simple steps before quitting your job, you'll ensure a smoother transition and avoid any unnecessary financial or other hassles. It might also help to plan what you will say in advance. Decide how much you want to explain your reasons, and what you'll say if your boss tries to keep you with a counteroffer. Quitting your job is a significant decision, so make sure you leave no loose ends behind.
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