If you’re thinking about quitting your job, you are in good company. In 2018, The Bureau of Labor Statistics (BLS) found that the number of people who quit their job each year had nearly doubled since 2010. For reference, BLS estimated that 22 million employees quit their job in 2010. This number reached 40 million in 2018.
Often times, there is a stigma around job hopping, a term that refers to constant job transitions. In the human resources industry, this is often an indicator of a lack of commitment and professionalism. In fact, the one year rule- staying with an employer for at least one year- is still popular among some groups. However, with the gradual saturation of millennials in the workplace, it has become more accepted to move freely between employers.
With so many employees quitting their jobs, it is time that we discovered why. In addition, determine if it is your time to quit your and seek other employment.
Keep reading because we are uncovering the reasons why people quit their jobs, and when to quit your job.
Why do people quit their jobs?
Why do people quit their job, especially if their financial stability is dependent on their careers? There are several reasons that we will cover here. If any of these reasons sound familiar, reference the infographic below for further guidance!
1. Wrong Job Depression
Job depression refers to a variety of scenarios in which the employee feels alienated from their position. To an employee, this may mean that they don’t feel that they are in the right career. Or, the position may no longer interest the employee. In fact, in 2017, Gallup concluded that 51% of full-time employees that responded to their survey agreed that they were uninterested in their jobs. For many, a career must fulfill an interest that they are passionate about.
2. Overqualified
Many people may quit their job simply because they are overqualified for the position that they are performing. In this case, an employee may feel if they are not performing to their full potential. With this in mind, the employee may become bored and disinterested in the company. Likewise, if an employee is overqualified for a position, it is likely that they are being underpaid for their skills and knowledge.
3. Company Culture
Company culture is a serious determinant of overall job satisfaction. Full-time employees spend at least 40 hours each week at their workplace. With this in mind, it is important to be surrounded by like-minded people that share similar goals and value. Unsurprisingly, companies with poor culture have higher turnover rates than companies that prioritize culture. In other words, toxic work environments dissuade employees from staying in a position longer than they have to.
When to Quit Your Job
Ultimately, quitting your job is a personal decision that only you can determine. Job satisfaction, work environment, and overall compensation are factors to consider.
What about leaving a job after a year? The thought of how long to stay at a job is also something many employees consider. While common practice is to stay at a job for at least a year, the current job seeker market and cultural shift has considerably changed this. Essentially, you may have more to gain long-term by not sticking out a full year in a misfitted job!
Reference the infographic below to gain a better understanding of the factors that you should consider when determining when to quit your job.
What to Do After You Quit
All in all, if you determine that quitting your job is an appropriate decision for your situation, BestCompaniesAZ has a plethora of resources including job hunting tips, job relocation, and more to help ease the transition between jobs. Check it out!
Start out by exploring best companies to work for in your area. Consider why you left your previous company and what needs to change for you to be happy in your next role. There’s an abundance of companies with stellar company cultures, management styles, socially conscious initiatives, and growth opportunities ready to hire outstanding talent!
