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Happy New Year = Happy New Job?

Every January we make New Year’s resolutions following the inevitable come down that greets those of us who have over-indulged in festive celebrations and on New Year’s Eve. 

These resolutions are often to drink less, eat better, or to get more exercise. But, for many, “New Year, new me” extends beyond a health kick and a truly happy New Year means securing a better job.

So much so that almost half of all the workers in the UK will search for a new job in 2016 according to the Independent.

Research from Red Letter Days found that 23% of employees definitely want to change jobs in 2016; meanwhile 26% are considering it.

Why do so many people want to move jobs?

Some of the top reasons for people wanting to change their workplace in 2016 include:

  • Desiring a career change

  • Not feeling valued

  • Poor management

  • Lack of career progression

  • Being bored with/not enjoying the role

  • Not being paid enough.

Look Before You Leap

It may be a leap year, but that doesn’t mean that you shouldn’t carefully check any new employment contract that you are offered before moving jobs, even if you are keen to leave your current position for an exciting new opportunity.

A new employment contract might contain restrictive covenants. These usually last for a certain number of months after your employment has ended, during which time you do not get paid, and may prevent you from working for a competitor or contacting and dealing with former clients and colleagues.

These can have huge implications that could put you at a distinct disadvantage in the job marketplace and hinder your future career progression depending on how excessive they are. You should, therefore, make sure that you fully understand the implications of any restrictions.

If you need expert assistance reviewing your new employment contract you should seek help from experienced employment solicitors.

You would also be wise to check what restrictive covenants are in your existing contract so that you don’t get any nasty surprises when moving jobs. The terms of your contract could prevent you from being able to take up that dream job you have been offered, so I would always recommend seeking expert legal advice if you have restrictive covenants in the employment contract of either your current or prospective job.

Paula Chan is an employment senior associate at Slater and Gordon in London.

If you are considering changing jobs this year and would like the clauses of your employment contract examined thoroughly contact the employment contract solicitors at Slater and Gordon on freephone 0800 916 9060 or contact us online and we’ll be happy to help.

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