Changing jobs has become the norm for young Australians.
In fact, the average Australian will have 17 employers from the age of 18 to retirement, according to a McCrindle study.
Gone are the days of investing our lives into one company – in 1975, Australians over 45 stayed in the same job for an average of 10 years, but that number has almost halved today.
All this should mean changing workplaces is easier than choosing what to wear for a job interview, right?
Yes, but only when you’re armed with the right knowledge.
Ask the right questions
Job interviews are high-pressure situations, and sometimes you can leave without asking the questions you came in with.
If you are offered a new job, don’t be afraid to take the time to ask your new prospective employer about work hours, dress code, the ins and outs of the office and its culture.
It’s not unusual to request a tour of the office, or to meet some employees, to better make your decision.
Holiday and sick leave
When you leave a job, your employer should tally up any holiday leave you are owed, and pay it to you.
In a few cases, sick pay can also be cashed out.
The amount of sick and holiday pay you are entitled to will vary from industry to industry and company to company, but here is a guide.
Have your new offer in writing
If you are leaving your current job for greener pastures, it’s important to make sure you new offer is iron clad.
This is really a preventative measure, in case something happens to cause your new employer to pull out and leave you in the cold.
Having a physical contract will also allow you to consider issues such as salary, annual leave and your day-to-day expectations before jumping in.
Transferring your super
It’s compulsory for every Australian employer to pay super, and in most cases, you can decide where your super goes.
When you start a new job, the simplest thing to do is to tell your new employer you’d like to bring your super account with you.
This will avoid the mess of having multiple accounts and potentially paying more fees.
This content was proudly sponsored by CBUS: an Industry Super Fund.
The information in this article is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements before making any financial decisions.
You should also refer to the relevant Cbus Product Disclosure Statement and Financial Services Guide before making any financial decisions. These are located in the Forms and publications area.