Take charge of your career with HeadStart: Unlock the Secrets to Career Success. This guide is the ultimate toolkit for thriving in today’s competitive job market, packed with expert strategies and real-world insights from Vivek Gambhir and Sunder Ramachandran.
Read the excerpt below.
The Power of Knowing When to Quit
Ever feel trapped in a job or situation that’s just not working out? Knowing when to walk away is a powerful skill. Society has typically viewed quitting as a sign of defeat. Phrases like ‘winners never quit, and quitters never win’ get embedded in our minds in the early years, but sometimes quitting is the smartest move you can make.
We idolize athletes who push through serious injuries, even though they are risking their future. Despite the virtues of sticking with something, sometimes stepping away is the real hero move. Stepping away from something that isn’t working allows us to find something better. It frees up our time and resources and enables us to move in a more fulfilling direction.
Let’s talk about goals for a second. You set them at the start of your journey, right? But here’s the thing—they’re not set in stone. They don’t factor in the knowledge and experiences we gain along the way or new information that may arise. Life throws curveballs, and sometimes, those goals just don’t fit any more. Quitting isn’t giving up—it’s making room for something better.
So why do we stay in unfavourable situations? Firstly, unhappiness can make us feel stuck. Additionally, we often worry about how quitting might affect our reputation. But here’s the thing: remaining stuck is far riskier than taking a leap. Cognitive biases also play a sneaky role. Ever heard of the status quo bias? It’s why we stick with the devil we know, even when there’s a better option. Then there’s the sunk-cost fallacy—it’s like continuing to invest time, effort and money into a failing project, hoping it will turn around. And let’s not forget the endowment effect, where we cling to the familiar, even when it’s holding us back.
Here’s the bottom line: Quitting isn’t about giving up—it’s about moving forward. It’s about knowing when to bid farewell to the old and embrace the new. So, if something’s not working, don’t hesitate to shake things up. After all, life’s too short to remain mired in the mud.
These are some dilemmas that we’ve seen younger professionals
struggle with:
• My role is at a dead end.
• I find no fulfilment in my current job.
• Do I need to be bolder in choices and take more risks?
If any of these rings a bell, you’re probably dissatisfied with your
current job and considering a change.
Pro Tip from Vivek: Signs for Career Change
Vivek advises young professionals to focus on three key factors that make work fulfilling: challenge, learning and engagement. If two of these aspects are lacking for six months, it might be time to consider a change.
The three-day rule: Do you feel excited about your work for at least three days a week? If you lack engagement, you won’t be able to grow, learn, develop or add value to your role. Although work may have less engaging phases, if they persist for over six months, they can impact your productivity, mood and overall engagement.
The resume test: Can you consistently update your resume every six months with new and valuable skills and projects? If you’re not feeling challenged or able to develop your skills in your current role, it’s not doing you any good. Eventually, you just go on autopilot and don’t go anywhere.
You are checked out: Do you find yourself zoning out? Are your thoughts drifting away from work? Are you more interested in what else is out there instead of doing your job?
Your 2×2 Push and Pull Matrix
Questions to ask before resigning
Before you send that resignation email, consider the Push and Pull Matrix. It’s a valuable tool for deciding whether to stay
in your current role or move on to new opportunities. Career transitions are often influenced by a combination of push and pull factors which encompass a diverse range of motivations that prompt individuals to leave their current role and pursue new opportunities.
We have observed that young professionals are motivated to leave a role due to push factors like stress, a bad boss, lack of feedback or opportunities. There could also be pull factors that include an interesting role in a new industry, a role with more seniority or a broader remit and increased remuneration. These push and pull factors often interact in complex ways,
and there’s always a little bit of both during transitions. This means that you have to carefully consider both the risks and rewards associated with such a change.
Before putting in your papers, we recommend that you ask yourself the following questions to ensure you are making the right decision.
***
Get your copy of Headstart by Vivek Gambhir and Sunder Ramachandran on Amazon or wherever books are sold.
