HOW TO RESIGN
You have now been offered and have accepted the job of your choice. The next stage is to resign with your current employer. This is often made out to be a stressful scenario, but it doesn’t have to be. Don’t forget a resignation meeting is a business meeting and therefore should be planned carefully.
Here are some ‘to do’s’ to help you on your way…
Check your contract:
What is your notice period? In most cases this is one to three month’s notice, though with senior executives, this can run up to 6 months’ notice. Are you owed any holiday? If you are, this can be taken during your notice period. If you are still on probation, you are likely to be able to terminate your contract with immediate effect. Unless you can get your employer to waive your notice period, you are legally obliged to work through it.
Write a formal resignation letter:
The letter should contain the date, your name, your manager’s name, your notice of termination of employment, when this will be effective from, details of your notice period and your signature. Give this letter to your direct manager and keep a copy for your records. Alternatively, you can send this letter by email.
Prepare what you want to say. Don’t forget, the essentials are in the letter. Legally, you are not obliged to say anything in your resignation meeting but, of course, you intend to leave your current employers in a positive light. Therefore be positive about your time at work, as you are sure to need a reference. Thank them for the opportunities they have given you and, if possible, mention something specific you will miss. Remember you do not have to go into detail as to why you are leaving. If you are counter-offered, do they really want you to stay and is it in your best interests? Remember it is cheaper for a company to offer a significant salary increase than it is to train a new member of staff.
Reason why you should not accept a counter offer:
- You have now made your employer aware that you are unhappy. Will you loyalty be in question? When a promotion comes around your employer will remember who is loyal.
- When times are tough, your employer could cutback on your role.
- All companies have strict wage and salary guidelines. Is this just your next pay raise given now?
- Your company may now seek to look for your replacement at a lower salary.
- The reasons you choose to look at new opportunities will not change and will probably repeat themselves in the near future.
- Once word is out, your colleagues will question your commitment to the company. Some may feel it unjust that you have been offered more money to stay.
- If you have to threaten to resign to get what a new employer thinks you are worth, what type of company do you work for?
- Accepting a counter offer is an insult to you, your intelligence and your personal pride – you will always know that you have been brought.
- Finally statistics show that if you accept a counter offer, there is a high probability that you will leave with 6 months or be let go within a year.
Companies now operate exit interviews out of policy. They offer an opportunity for constructive feedback to your employer. If offered, prepare your comments in advance and be specific. If you feel that your employer has done something wrong, give an example of how you experienced this and how you feel it could be done differently.
You have now confirmed you’re leaving date with your current employer. You should now contact Green Stone who will confirm your start date with your new company.