You like your job, and you’re comfortable there… Then all of a sudden, co-workers begin leaving for new job opportunities elsewhere, and you ask yourself: What should I do when all my co-workers are quitting?
In these situations, you may be tempted to join your co-workers. After all, a spike in employee turnover could indicate shakeups within the company, and your job could be in danger of elimination. Or it could be a valuable opportunity to stay on and advance in your role.
Whether you decide to hand in your notice or stay in your current job, here are some points to consider when your co-workers are leaving.
Should I Stay or Should I Go?
High turnover can be an indicator of problems or issues within the company. If management hasn’t spoken to you or other employees staying on about the company’s current status, take the time to talk with your boss. See what they think about the recent departure and what they believe the future holds for the company and employees who stay on.
If your boss is tightlipped about the company status, watch for tell-tale signs of trouble, such as:
- Spending freezes
- Hiring freezes
- Unusual or closed meetings
- Dwindling client lists
Reach out to co-workers who are leaving and any contacts you have with others within the industry. While they may not have details, they could shed light on the situation and give you insight that gives you time to plan.
If you choose to stay on with the company, you may have opportunities to expand your role and assume more responsibility. Now is the time to take risks, volunteer for projects, and grow your skills. Pick up some of the slack left by your departing colleagues but remember not to overdo it and risk burnout.
Even if you decide to stay, it’s essential to keep your resume updated and your social and professional media profiles current and accessible.
If you decide to join your co-workers in moving on to “greener pastures,” you’ll want to check with your current employer to see if any services are available. Unemployment benefits and severance pay are usually not available when you leave voluntarily, but other assistance such as outplacement assistance may be.
Get a letter of reference from your boss as soon as possible and ask them and your other colleagues for Linked In connections and recommendations.
Take the time to prepare for your job search by researching your industry and other industries, especially if your industry is on shaky ground.
When your colleagues are leaving, and your job may be in jeopardy, it can make going to work even more stressful. Keep these tips in mind, and remember to take care of yourself in whichever professional direction you choose to go.