What month is the best time to resign from a job?

Time and again, career reports including the JobStreet Bonuses Report have revealed that the best time to resign is between December and July.

jobstreet.com.ph - Company Bonuses - JobStreet

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We’ve established how incentives are a good way to gauge the best time to resign from a company. But how do you really know when they will apply to you or how you can make the most of it for a smoother departure?

Are you entitled to the bonus at all?

Not only are some bonuses optional as opposed to mandatory, but they are also applicable to a few sectors or employees as well, as discussed briefly above. For example, a city government in Metro Manila will only give out Mid-Year Bonuses to regular employees. If you are only working part-time or under a contractual agreement in your workplace, then you are not eligible for the said bonus. Similarly, if you are expecting to get a Performance Bonus or Spot Bonus but only did the bare minimum with your tasks, or if someone else is visibly doing better than you, then it is less likely that you will receive either of these incentives. It’s best to clarify such conditions before setting any expectations on what bonuses you will get. The phrase may sound like a broken record, but as universal and cliche as it is, it is also very much true when resigning according to bonuses. As mentioned earlier, one of the best times to resign is after you’ve taken home your 13th Month Pay. Besides being mandatorily given at a set period each year, it also gives you a chance to welcome the incoming year on a fresh note. But more than that, 13th Month Pay strictly follows a schedule that employers have discretion over. For instance, an employer plans to distribute the said incentive on December 15. However, say, you tender your resignation on November 14, following the standard 30-day notice period for leaving employees, your last day in the company is December 14. Meaning, you are no longer qualified to receive the bonus. You may think that this is unfair at first, but understand that the decision still lies with your employer. In fact, the same is true for Performance Bonus. If the employer is aware of your plans to resign in a few days’ or weeks’ time, they may not consider you for the incentive. If you are expecting the bonus, it would be wise to delay your resignation for now. Remember, bonuses serve different purposes. It may be for retention, a form of reward, or attraction to let you stay.

Plan matters beyond your resignation

Suppose you’ve figured out the bonuses you are expected to receive, does that make it safer to resign then and there? Not totally. Practically speaking, it’s true that resigning should be a carefully thought out move on the part of the employee. That is, when the reasons behind it aren’t urgent in nature. With that being said, you should make a detailed plan of the things you would do before and upon officially departing your company. With the added budget you have thanks to your incentives, can you support yourself while looking for your next employment? For how long? Essentially, you will want to make sure that even if you will receive your deserved bonuses, you won’t be burning bridges with anyone from both your current and future employer. Also read: How To Tell Your Boss You’re Leaving For A New Job

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Are remote jobs disappearing?

According to the Bureau of Labor Statistics, remote work is disappearing as companies return to the office. According to May 2022 report, remote work is decreasing following the return to offices.

thinkremote.com - Is Remote Work Disappearing? - ThinkRemote

According to the Bureau of Labor Statistics, remote work is disappearing as companies return to the office. According to May 2022 report, remote work is decreasing following the return to offices. In April, only 7.7% of employees worked from home. The latest numbers are 35% down compared with the pandemic’s start. The chart only includes only those who are working remotely because of the pandemic.

April Stats: Is Remote Work Disappearing?

Furthermore, the survey shows that remote work still depends on education. Those with a bachelor’s degree or higher education are 5 times more likely to work from home than the average American. In addition, nearly 20% of Asians work remotely, and less than 5% of Latinos. Man and women also work remotely for different reasons. And from May 2020 (10%), the numbers for both genres decreased to 1%. Finally, those between 25 and 34 years old are more likely to work remotely. As hospitalization cases decrease, remote work is disappearing because most companies are asking to be back in the office. However, most employees are experiencing burnout, and most people still prefer hybrid arrangements. According to several surveys, most US employees are happy to find compromises to keep working remotely. Even if it looks like remote work is disappearing, we need to wait until things stabilize again to put an end to the debate about remote vs. in-office work.

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