5. Retrials

If you have worked for more than five years you will be eligible for gratuity, superannuation and other similar retirement benefits which will be paid by your company depending on the terms of your employment. You can carry forward some of these schemes to the next company where you are planning to switch. Some of these you would need to encash when you finally depart from your old company. You must always pay attention to the details of these schemes before leaving your job.

There is a popular saying ‘Failing to plan is planning to fail.’ This saying holds true in practical life because if you plan in beforehand for an upcoming event then will things become easy and organized by the time you arrive to the day of actual event. Planning just is bringing the future into the present so that you can do something about it now. Hence following all the steps of the financial checklist while switching jobs would make sure your journey from one job to another is smooth and trouble-free.