Changing your job, here are the points that you should keep in mind


If you are looking for changing your current job then you should read this article to understand the intricacies that may be well handled for a smooth changeover. This article gives step by step details on different points to be considered while switching to a new job.

It was an era of our parents that when they used to work in a company then mostly they stick to one company for all their life. Now the situation is different we are into such an era where frequent job changing is required to grow ourselves to compete with the market technology and to beat the inflation. This is more related to people who are working in the IT Industry.

Before you think of switching the job refer to the below points so that your changeover will be smooth and you get into your new job comfortably.

1: Resign only after you get your new job offer letter


This will be the time when you have been selected for the new job after your interview process. Usually the HR guy gives you verbal confirmation on the phone of your new job, but do not resign in your current job unless you get the written confirmation on email or the actual offer letter. After receiving the written confirmation upon the agreed terms and condition which you have told that have been mentioned in the offer letter then only upon your satisfaction only you should resign from the current job.

2: Separation should be on the good terms


Many a times people resign because of frustration or any other reason, so once you get new job, and you have submitted your resignation then do not ask your ex-employer to leave early without serving the full notice period. Its not good to leave the company with a bad experience because after all it's a small world out there.

Take full time of notice period and prepare the good repo with your employer as well as prepare the good handover document for the new employee replacing you. Given enough time to new employee to show the same status of work that you were performing by giving training so that he will be comfortable and your exit will be smooth.

3: Study well before accepting the new offer


This is really a must do task.

Now a day's salaries are negotiated as CTC or Cost To Company specified by the employer during their offer negotiation time. This includes many components, so understand first what are the different components are part of your CTC, because usually CTC looks higher as compared to your current salary but in reality your in-hand salary could be lesser then you thought of.

So before you accept the job offer, clearly understand all the deductions and the actual in-hand salary you will be getting.

4: Bank Account management


As a salaried person, your bank account will be a salary account with the current company you are working for so chances are there that the new employer may have different bank which is giving salary account benefit. In this case you will end up having multiple savings accounts which will be difficult to manage.

You should check with the new employer if they can use the same bank account you already have salary account benefit then it will be in your favor to continue with the existing bank and utlise the creditability with the bank.

5: Employee Provident Fund (EPF) account


Now days every company is offering the EPF benefits, you have an option to either continue using the same EPF account with the new employer or withdraw the money when you quit. As a thumb rule its advice not to withdraw money from the existing EPF account and it's better to carry the same to the new employer.

6: Full & Final Settlement documents


You will be given certain forms e.g. Experience Certificate, relieving letter on your last day of working of the previous employer. Other details like your Form 16 and balance salary etc. will come as full and final settlement of your exit.

You can take the details of the person of your previous employment who is working on your full and final settlement so that in case of delay or receipt of the same you can get in touch with him / her on email or phone. You will be requiring showing the details to your new employers to declare the income from previous employer so that your tax will be deducted accordingly.


Comments

Author: sushma21 Feb 2017 Member Level: Gold   Points : 3

While changing job, one should be clear about the job role that he has been offered in his new company. The job offered might differ from actual job in the company. He must clearly specify his expectations about salary so avoid unnecessary arguments and confusions during the salary. One must not fake about his previous experience and salary. He should be truthful about the work experience he has.

Author: K Mohan22 Feb 2017 Member Level: Platinum   Points : 2

This is a good article initiated by the author as often we find that persons have hastily resigned the present job with the great hope that a good and far better new job can be earned within few days. But candidates often fail to understand that whenever they join new job in new company, they would certainly make inquiry about the old job and your behavior with them. So it is imperative to every one to have nice relation and leave the job with a happy note so that no bad remarks is passed even if some other companies make some inquiry about you. That way there can be assured progress for better job.



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