The Basics of Taking Time Off Work
By Dorit Sasson, published Sep 26, 2007
Published Content: 70 Total Views: 27,716 Favorited By: 1 CPs
It is easy to stay and grow in your present job without making any drastic career changes. You should put your life in perspective. How deep however is your drive? Do you have a desire to explore and realize your options?
What is commonly known in the teaching industry as a teacher's sabbatical used primarily for furthering one's education is now becoming more and more common in many work sectors. Taking a year out is healthy, important and can result in exploring a variety of options.
Taking time off for many people however is a scary thought and may not suit every type of individual. Most people need the comfort and security of the framework of a job. Time off from work could be the difference of finding a new job that you now love, job security but in a completely different sector than you are used to, different benefits and so on.
Here are some common questions most people have in their minds when pondering the thought of taking time off from work.
1. How much time should I take?
This is entirely your call, but undoutably, economic factors and considerations will be the main basis for your decision. If you are a teacher and have saved in a teacher's fund strictly for the purpose of a sabbatical, then this is completely set out for you. (but even then, watch out as some teachers' funds are only a percentage of their average years of work.) Other work employees should consider their savings plans and how they can start immediately saving into it.
2. How should I plan for taking time off?
This long term planning needs special consideration. Check with your bank to explore options about special saving funds with high interest rates. Perhaps you can arrange for deductions through your work employer. Some even offer tax incentives.
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