An employee may want to quit their job for a number of reasons. Whether to broaden their horizons, to take another job, or to get out of a negative situation, there are some serious considerations for leaving a job. The most important considerations are the continuation of insurance and noncompetition.
A non-competition agreement prevents an employee from taking another job in a company that would put them in competition with their former employer. In general, non-competition agreements prevent an employee from working in a specific industry in a specific geographic area for a specific period of time. Another consideration when leaving a job is how to maintain insurance coverage. Under the Consolidated Omnibus Budget Reconciliation Act (COBRA),  a former employee may remain on their employer’s insurance plan, usually at an increased cost.