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Should you stay, or should you go?

Should you stay or should you go

Millennials have shown they are not afraid to walk away from unsatisfying jobs due to poor work-life balance, a mismatch in expectations and duties, or an unhealthy workplace management. Unlike their parents’ generation who tend to remain at companies for several years or decades, research has shown that on average, millennials born between 1980 and 1996 switch jobs every couple of years, and a vast majority are either looking or always open to new opportunities.

This has earned them a reputation for ‘job-hopping’ and sometimes resulted in older bosses characterising them as lazy, entitled and fair-weather employees. However, according to a poll of 5,000 millennials conducted in 2018 by recruiting firm, LaSalle Network, most of them left their jobs due to feelings of dissatisfaction with their current career path, or to seek more fulfilling roles and better benefits.

If you're a millennial and find yourself in a similar predicament, it’s important to factor in several considerations before you bite the bullet and resign.

Firstly, ask yourself if there are changes you can make so that your current job is more bearable. For example, if you’re dealing with an unmanageable workload that eats into all your free time, can you have a candid conversation with your manager and work together to find a solution? Or if you’re feeling slighted because you were passed over for a promotion or pay raise, is it feasible for you to confidently step into your boss’ office to have a chat about your career goals and a salary increment?

If you're set on leaving because you’re dealing with a poor cultural fit or an abusive boss who is negatively impacting your overall well-being, it’s critical to take steps to ensure you’ll be able to remain afloat once you leave.

In an ideal world, all jobseekers would be able to secure new roles before leaving their current positions, but you may find yourself unemployed while interviewing for several months on end, which can spell disaster for your finances if you haven’t carefully mapped out your savings or started an investment plan.

Instead of quitting to escape the job you dislike and running into financial ruin, secure your future with GREAT Life Advantage, a regular premium whole life investment-linked plan by Great Eastern that keeps you protected financially from life’s uncertainties, starting from as low as $100. It also provides you the flexibility to increase your protection coverage with no medical underwriting as you go through different life stages.

Disclaimer

Terms and Conditions apply.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).

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Great Eastern Holdings Ltd | Great Eastern Life Assurance Co Ltd | Great Eastern General Insurance Ltd
Great Eastern Holdings Ltd | Great Eastern Life Assurance Co Ltd | Great Eastern General Insurance Ltd