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Changing job is a very common phenomenon amongst every working adult especially so with the current economic globalization and mobility of workforce. Whether your current job is your first or not, but you are thinking of changing job, then the information provided below should be useful to you.
Firstly, you should consider the following situations, if you fall under any of the situation, this may not be a suitable time for you to change your job.
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If you are planning to get married soon, you may not be able to apply for leave for your wedding preparation in your new job.
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If you are during pregnant, you may not get a new job so easily.
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If you have borrowed money from your company, you will need to fully settle the loan immediately before you leave your current job.
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Discuss important financial considerations with your Human Resources Department.
• Ask when your health, disability and life insurance will expire.
• Calculate unused vacation, sick pay and other compensation due.
• Find out any other contributions in the company, check whether you are eligible to withdraw.
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Request for your latest EA form and ask for a testimonial letter from your employer.
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If you moved for your new job, tie up loose ends.
• Notify your former employer of your new address.
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Make sure you remove any personal files or documents you've created that you wish to take with you when you leave. However, remember to adhere to your company's policy regarding intellectual property and confidentiality. You don't want to wind up in court for taking items and information that are not legally yours.
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Ask your new Human Resource Department detailed questions about your total benefits package.
• Find out when health care insurance will begin.
• Find out whether there are any death and disability coverage.
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Check your employment contract, consider the following:
• Non-taxable benefit.
• Tax-efficient remuneration package (ie: Benefit-in-kind). Please contact us if you have queries regarding the above.
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Update your employer contact information for all your correspondences.
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Inform your new employer of your EPF and income tax reference number so that they can update the relevant authorities accordingly.
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Inform your old clients or customers that you are no longer with your previous company. Letting your old clients or customers know that you are no longer with your previous company is not only a courtesy, but can prove a valuable source of leads.
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