Planning about your future is more than wise – it is necessary. This is why many of us spend years saving and budgeting for our retirement. If one of these plans of yours includes an early retirement, you have one important thing to learn – how to break the news to your employer.
I studied financial management at school and this was, quite literally, my dissertation essay topic. Early retirement is a widely discussed process and those who’re lucky enough to be eligible to hit pension in their thirties or their forties are in an amazing position.
If you’re in this position already, I have some tips to share with you that I learned during my writing assignment process.
How Much Notice Should You Give?
Today, retiring early is more frequent than ever. People simply get tired of their 9-to-5 work and have sufficient savings to support their family until pension kicks in. Others have already figured out how to earn some extra money thanks to modern options like freelance work, both online and as a contractor in their area. I am currently considering this option too, seeing how I’m already stepping into the business of online writing jobs I can do from my home.
But, first things first. Before you step into the freelance work and become an essay writer at a service or as an individual for those who want to take HND assignment help in the UK, you need to take care of the current job first. That being said, it is time to decide not only how to break this news, but also how much notice you need to give.
Yes, it seems unfair that the employer can terminate your employment without giving you notice, but you are probably obligated to give them notice if you decide to quit or retire. Depending on your employment processes, you might have to submit your retirement letter during a certain timeframe before you actually leave work to become a writing helper.
To be fair, even if there aren’t any requirements as set per your agreement, it’s quite unfair to leave your boss hanging. If you’re happy with your workplace and respect your employers, you might want to leave things in the right way. This is not the time to tarnish your good reputation, so it’s best to give notice ahead.
If you are an employee of lower level title, the standard notice is two weeks for a resignation. If you’re higher in the company’s food chain, this will depend on how long it would take them to find a good replacement. This could go up to a month. And, if your job is project-oriented, it should depend on your deliverable timelines and the end of your projects.
As I said, every situation is different. In case you don’t like your workplace and have worked in bad conditions, maybe is best to keep quiet about this until it is absolutely necessary to share the news. There are even cases where employees are fired just because they mentioned early retirement, which could ruin your pension plans.
How to Let Them Know?
Naturally, the best way to let a person know a thing of such high importance is in person. Even if you send a retirement letter, it is best to face your manager or employer directly to let them know. This doesn’t have to be a formal meeting if you aren’t high up on the employment chain.
Let the employer know about your retirement plans before you send a letter or pack your desk. Don’t share this with your co-workers first – it might get to him in the wrong way and make things really awkward.
When you tell your employer face-to-face, you might still need to send a formal letter explaining your intentions to retire early to the HR department of your company. Even if you don’t, it is still wise to do so – it will cover you legally. In your letter, make sure to include the dates so that your employer can organize the unpaid sick pay or the vacation days that come to you.
What to Do after You Announce the Retirement?
If you handle the meeting well and inform everyone of your early retirement plans, you need to think of the following steps. This is the non-business side of it. Since you’ve spent years working at this point, you need to realize that your feelings will swing in various directions. Firstly, when you announce your retirement, you’ll be emotional. This is a big change and you will probably need to use your skills of persuasion to get the best out of it.
During the period when you’ve already given notice, people will be treating you somewhat differently. They’ll work on finding you a replacement, so expect to be excluded from some of your past tasks. This will probably be a fast process that you have to get adjusted to, but at least you’ll get some time to say goodbye to working full-time.
Conclusion
Have you come to this point in your life? If you have, congratulations are in order – you’ve spent years working and accomplished a great deal of things. Once you take care of this business, you can retire and be work-free.