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Career Advice: Secure New Employment Contracts Before Resigning

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Career Advice: Secure New Employment Contracts Before Resigning

Prachachat Business highlights the risks of resigning from a current job before finalizing a formal employment contract with a new employer.

According to a recent report by Prachachat Business, professionals are being cautioned against the common practice of submitting a resignation letter to their current employer before having a signed contract from their new workplace.

The Risks of Premature Resignation

Many employees follow the standard 30-day notice period required by most companies immediately after receiving a verbal job offer. However, this creates a significant vulnerability. Prachachat Business notes that some individuals have faced situations where a new employer unexpectedly cancels the job offer after the employee has already committed to leaving their current position. This leaves the individual without a job and complicates their professional standing.

Why This Matters

For expatriates and residents in Thailand, navigating the local job market requires careful adherence to administrative procedures. Relying on verbal agreements rather than written, signed contracts can lead to sudden unemployment and potential visa complications for those whose residency status is tied to their employment.

What Remains to be Confirmed

While the report emphasizes the importance of securing a signed contract, it does not detail the legal recourse available to employees if a company rescinds a job offer after a verbal agreement. Readers are encouraged to ensure all employment terms are finalized in writing before initiating the resignation process with their current firm.