Posted on October 23rd, 2012 by Quinnox Solutions
3 Reasons to Move Now and Forego That Year End Bonus
1. Beat competition
The logic is simple: your chances of securing that dream job will be higher when competition is less keen. If most people look for a job in the first quarter of the year, you will need to compete with more qualified candidates for the same job opening. Beat competition – look out for your ideal job in the last quarter of the year.
2. Companies are hiring for 2013 now!
Counting backwards, companies may require between 1-3 months finding the right candidate and the candidate will then need to serve 1-2 months notice. During the 4th quarter, many companies start to hire for strategic positions. The main reason could be to prepare the incumbents to be ready to start in the beginning of the New Year. Such positions are usually Sales, Business Development, Strategic Planning, Business Processes and/or other functional and managerial roles.
3. No time is a good time
We talk to many candidates who expect bonuses at the year end and some even counted the “would be” bonus amount into their annual package. While this is not wrong, it is presumptuous to think that a big bonus will be waiting for you – every year. Thus, no time is a good time. Your next job may give you a higher monthly basic that will soon break-even with the bonus that you forego.