The Next Step: Letter of Resignation

When you decide to leave your current position, there's more to consider than just your letter of resignation.

Last week’s post got over 6,000 views, why is that? The obvious reason is that the post hit home with so many of you. Now that we have determined you should not quit without having a new position, what is the best way to resign? There are two thoughts: one is clandestine, no advanced notice just quit, and the other is to present your current firm with your notice to leave and help them with your transition. There is no right answer as different circumstances dictate varying results, but a letter of resignation is always necessary.

First of all, evaluate your current feelings. Do you believe you owe your current firm the respect that they deserve? If your current firm has been good to you, you owe it to them to have them determine your last date of employment after handing in your letter of resignation. Many firms may immediately dismiss you for security and client retention reasons. Other firms may ask you to give them the customary two weeks. If, on the other hand, you and your current firm have been at odds end, with personalities and tempers flying, no notice may be the best answer.

Assuming you are going to resign, a letter of resignation needs to be tendered to your immediate supervisor. What to write? The more concise your letter of resignation is, the better it is. Also, it is not recommended that you provide the name of your new firm. If you are doing a lateral transfer, there is no need to share your new position. If it is a promotion, I do recommend sharing that fact in the letter. The reason is it makes your current firm feel a bit better about losing you. Especially if you had a very enjoyable relationship over the years with your current firm and direct supervisor. Know that no matter how good your relationship was, there is going to be some level of hurt. Time will heal this.

About Harlan Friedman, JD & Founding Member, H. Friedman Search LLC. Harlan is a thirty-year veteran Public Finance Banker turned recruiter who specializes in the placement of all level Public Finance Bankers, Health Care Bankers, Municipal Financial Advisors, Compliance Officers, FinOps & Bond Counsels. He can be reached at harlan@hfriedmansearch.com or 760-477-1284.

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