Ask a Recruiter: How Can I Tell When It’s Time to Quit My Job? + MORE Dec 20th

Not a week goes by without a trendy new buzzword making the headlines. Here are a handful of money-related terms that stood out to the MoneySense editorial team this year, along with relevant articles to help you get a jump on personal finance in 2024.

1. Quiet hiring 

First, there was the trend of “quiet quitting”: a disgruntled employee doing the bare minimum required for their role. Then there was “quiet firing”: an employer reducing a worker’s duties and training, subtly nudging them to quit. And then, in 2023, we saw the rise of “quiet hiring”: an employer looking to its existing employees to fill a skills gap or take on more responsibilities, rather than hiring someone new. Quiet hiring is typically a cost-cutting or cost-saving measure, but it can also be an opportunity for a staffer who wants to try something new, move up to a new role or stack their case to ask for a raise. Quiet hiring can also refer to outsourcing work to short-term contractors instead of hiring new workers…

If you are feeling unmotivated, burnt out or just counting down the minutes until the holiday break, you aren’t alone. This is the most common time of year to feel like you aren’t loving your job. As the year winds down, we tend to feel the weight of the past twelve months having piled up into a big old load of exhaustion. For many, the start of the new year also inspires us to think about our professional goals and take stock of what is no longer serving us. So it isn’t surprising that December is when attrition tends to spike as folks collect their year-end bonuses and peace out. 

But the decision to walk away from your employer isn’t one to be made lightly or under duress. Especially when we consider the challenging talent market and economic climate we’re facing. Like most relationships, your relationship with work will evolve over time. There will be periods of content, excitement and fulfillment, and just as many filled with discontentment and frustration. So, if you are in a period of feeling unhappy in your job, how can you know when to quit?

The most important thing to note is that there is no perfect science to finding an answer…

The end of the year is an opportunity to do more than just think about taking up a new hobby or fitness routine come January. Just as you reflect on the past year, you should also reflect on your finances.

The past year has been tough; rising interest rates and the high cost of living mean you might not have been able to meet the financial goals you set for yourself in 2023. However, there’s still time to set yourself up for success in 2024!

While you can’t control the uncertainties of the economy, you can create a well-structured plan to help achieve your financial goals. Here are the steps to take to help set your finances on the right track for the new year. (Is Canada in a recession?)

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1. Evaluate your financial goals

Goal-setting can be successful if you’re agile with strategy and check in on your status regularly. It’s important to evaluate the progress made on your financial goals at the end of December and beginning of January, and to set new milestones for the year ahead…