Assess your finances before changing jobs
Your ability to manage your own financial affairs could have considerable bearing on whether your new job application is accepted.
THE New Year heralds a fresh start and for some that means finding a better or more rewarding job, but before you start polishing your CV it’s a good idea to get your financial affairs in order.
Marlies Kappers, DirectAxis head of marketing, said: “Prospective employers may look at your financial profile before offering you a job; a proper understanding of your financial affairs will better enable you to evaluate the remuneration package and; you will be able to identify any gaps in your financial situation when you change jobs,” he explained.
Depending on the job, your ability to manage your own financial affairs could have considerable bearing on whether your application is accepted. A bad credit rating won’t reflect well on someone applying for a financial or senior management position. A low credit rating indicates that someone has a poor track record of making loan repayments, paying credit cards, store cards or even a phone bill and it’s easy for employers to check.
“Changing jobs, particularly in a sluggish economy, is a big decision. You need to give yourself the best possible chance of getting the position you apply for as well as ensuring that you really will be better off if you decide to make the move,” said Marlies.
- Make sure your credit rating is an accurate reflection of your ability to manage your own financial affairs;
- Compare your existing package against what’s being offered, taking all the perks and benefits into account;
- When you make the move check that there are no gaps in your financial security because your new package does not include something your previous employer covered.
