- Published on Monday, 16 December 2013 10:49
IF you ever need reasons for quitting, here are 7 of them.
1. Time to Quit
Following Chase's USD2 billion trading loss last week, CEO Jamie Dimon has become engulfed in controversy.
While many of Chase's shareholders have called for his resignation, the embattled CEO has publicly stood firm in his decision not to relinquish his position.
The situation raises questions of timing when it comes to leaving a job. Business executives, consultants and career coaches provide their advice for how you know when it's time to walk away.
2. Damaged reputation
Employees work hard to build their standing in the office, but sometimes things happen that send their reputation spiralling downward.
Whether it's due to missing numerous days of work, losing a major client or even office politics, a sullied reputation is hard to overcome, according to Patricia Siderius, managing director of executive outplacement services with BPI group.
"It may be unlikely that you will recover your once-stellar reputation, so a fresh start is your best option," Siderius said.
3. Company is a sinking ship
While company loyalty is admirable, executive and entrepreneur coach Karen Southall Watts believes employees shouldn't hang on to a job at the expense of their career.
Watts said it's important to be aware when a company is starting to drown.
"Gone are the days of paternal bosses guiding your career for years and retirement parties with gold watches," Watts said. "If you know your company is dying, it’s time to start looking for other options." She said making that move is more crucial than ever, as many companies are hesitant to hire those who are unemployed, or have been unemployed for a while.
4. Not challenged
Not feeling challenged at work might be an indication an employee's career has stalled, according to Lynda Zugec, managing director of The Workforce Consultants.
And a stalled career means it's time to either look for additional tasks or start looking for a new job.
"If your daily work routine lacks mental stimulation and you already know the answers and can usually anticipate the questions, it may be time to move on," Zugec said.
5. Not learning anything
Learning new things is critical to keeping a career moving forward. When that stops, it's time to move on, according to Elle Kaplan, CEO and founding partner of Lexion Capital Management LLC.
Kaplan said she's followed that advice in her own career, which has taken her from a temp job to her current CEO position in just more than a decade.
"I quit each job when I stopped learning," Kaplan said. "If I stopped learning, I stopped growing, and then knew it was time to move on."
6. Kept out of the loop
Executive career coach Cheryl Palmer said frequent closed-door meetings with executives from a company's headquarters can be an ominous sign for employees.
When those meetings break up and no one is talking about what happened, Palmer, owner of Call to Career, said it's time to consider moving on.
"Usually these closed-door meetings mean that management has decided to make some changes at your local office, and your job could be vulnerable," Palmer said.
7. Makes you sick
Constant headaches, a never-ending backache or numerous sleepless nights could be signs your job might be making you sick.
When that's happening, it might be time to call it quits, according to Melanie Benwell, managing director at the Canada-based recruiting firm PathWorks.
"Your health should always come first," Benwell said.
8. You found another job
GetHired.com co-founder and CEO Suki Shah warn against quitting any job before having another one lined up.
"In our economy, don't count your chickens before they hatch," Shah said. "Unless you are financially ready to subsist on no job for a while, don't quit until you have another job in the wings."
-Chad Brooks/Business News Daily