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Advice Needed - When Should I Quit My Job?

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Current Student
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Joined: 18 Jun 2012
Posts: 81
Concentration: Entrepreneurship, General Management
Schools: Babson '14 (M)
GMAT 1: 680 Q49 V34
GMAT 2: 730 Q48 V42
GPA: 3
WE: Marketing (Computer Software)
Followers: 1

Kudos [?]: 39 [0], given: 11

Advice Needed - When Should I Quit My Job? [#permalink] New post 18 Mar 2013, 07:36
Hi everyone,

I'm having a hard time figuring out when I should give my notice to my current employer - hopefully you all can help me out! Here are the key details of the situation:

- I got my recommendation letters from my previous employer, so no one here knows that I'm leaving yet.
- My full-time one-year program starts on May 23rd.
- I'd like my last day to be April 26th.
- Last week, I found out that I'm receiving a sizable (9%) merit-based salary increase effective April 1st.
- My first payday (after the increase is in effect) is April 5th.


I'm trying to balance three things:

(1) I would strongly prefer to receive my new salary during my final month - both for the additional compensation and for future salary negotiations.
(2) I don't want there to be too much (awkward) time between when I give notice and when I leave.
(3) I want to be courteous and give my employer enough lead time (note, I am an individual contributor).

Right now, I'm leaning towards giving my notice on Friday, April 5th. It ensures points (1) and (2) happen, and gives my employer 3 weeks notice. What do you guys think, is that enough lead time?

Thanks!
OA
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Status: Too close for missiles, switching to guns.
Joined: 23 Oct 2012
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Location: United States
Schools: Johnson (Cornell) - Class of 2015
WE: Military Officer (Military & Defense)
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Re: Advice Needed - When Should I Quit My Job? [#permalink] New post 18 Mar 2013, 08:01
OptimisticApplicant wrote:
Right now, I'm leaning towards giving my notice on Friday, April 5th. It ensures points (1) and (2) happen, and gives my employer 3 weeks notice. What do you guys think, is that enough lead time?

Thanks!
OA



Unless your company has a policy for how much notice you need to give, 3 weeks seems pretty fair.
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Re: Advice Needed - When Should I Quit My Job? [#permalink] New post 18 Mar 2013, 08:13
Expert's post
Hi OptimisticApplicant, it sounds like you're in good shape to make your goals happen. Most companies ask for 2 weeks, so you could even make it the 12th of April if you really wanted. 3 weeks notice (5th of April) sounds more than fair. You might want to check though because your raise is likely pro-rated for the paycheque of the 5th, so you might not get the full increased paycheque there, just for one week (I'm assuming you get paid every 2 weeks but that's an unsupported assumption based on the passage :) )

On a positive note, looks like you can change your username from OptimisticApplicant to SuccessfulApplicant now, so congrats!

Best of luck!
-Ron
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Joined: 26 May 2010
Posts: 694
Location: United States (MA)
Concentration: Strategy
Schools: MIT Sloan - Class of 2015
WE: Consulting (Mutual Funds and Brokerage)
Followers: 16

Kudos [?]: 192 [0], given: 628

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Re: Advice Needed - When Should I Quit My Job? [#permalink] New post 18 Mar 2013, 12:15
CobraKai wrote:
OptimisticApplicant wrote:
Right now, I'm leaning towards giving my notice on Friday, April 5th. It ensures points (1) and (2) happen, and gives my employer 3 weeks notice. What do you guys think, is that enough lead time?

Thanks!
OA



Unless your company has a policy for how much notice you need to give, 3 weeks seems pretty fair.

Agreed. If you really wanted to give more notice, you could let them know as soon as your paycheck is locked in. For example, mine is finalized by payroll the Tuesday before it hits my account (Friday). Not sure if your company is in any way similar.
Current Student
User avatar
Joined: 18 Jun 2012
Posts: 81
Concentration: Entrepreneurship, General Management
Schools: Babson '14 (M)
GMAT 1: 680 Q49 V34
GMAT 2: 730 Q48 V42
GPA: 3
WE: Marketing (Computer Software)
Followers: 1

Kudos [?]: 39 [0], given: 11

Re: Advice Needed - When Should I Quit My Job? [#permalink] New post 20 Mar 2013, 11:56
I was feeling a bit guilty, because I've known (and kept it a secret) since December. Your responses have alleviated those concerns. Thanks everyone!
Current Student
User avatar
Joined: 18 Jun 2012
Posts: 81
Concentration: Entrepreneurship, General Management
Schools: Babson '14 (M)
GMAT 1: 680 Q49 V34
GMAT 2: 730 Q48 V42
GPA: 3
WE: Marketing (Computer Software)
Followers: 1

Kudos [?]: 39 [0], given: 11

Re: Advice Needed - When Should I Quit My Job? [#permalink] New post 07 Apr 2013, 07:56
FWIW I gave my notice on Friday. Definitely the right choice - thanks for the advice all.

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Re: Advice Needed - When Should I Quit My Job?   [#permalink] 07 Apr 2013, 07:56
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