Business and Personal Finance
Are You Mature Enough To Buy A Home?
Should Sports Teams Receive Tax Breaks?
Is A Retirement Career Right For You?
Who Benefits From ETFs In 529 Plans?
Why You Shouldn't Die In 2013
How To Determine Your Business' Target Market
Who Does The Current Tax Code Benefit?
Savings Plans That Can Make Good Christmas Gifts For Kids
Varieties Of Brokers And How To Pick The Best One
Why Credit Card Debt Levels Are Rising
Benefits Of Paying Off Your Mortgage
How To Recommend A Stock
Are Distressed Homes Worth Buying?
How To Get A Relocation Allowance
How To Start A Charity
4 Business Partnership Mistakes To Avoid
How To Spot Knockoff Labels And Fake Products
8 Qualities That Make A Good Insurance Agent
Using Social Media To Reach Customer Service Departments
How To Make Money Busking
The Difference Between Being Fired And Resigning
3 Banking Moves You Should Make Before Traveling
What To Do If Your Company Cuts Your 401(k)
Money Saving Tips From Your Grandparents
The Difference Between Being Fired And Resigning
There are two words that no one in the business world ever wants to hear: "You're Fired!" The sheer power and terrible implications that come with these two words are enough to send a grown adult's mind reeling, and push him or her to the verge of a full-fledged panic attack. Although being fired from you job may seem like the worst thing that could happen in your career, being asked to resign from your position can be just as harsh. There are some major differences between being fired and being asked to resign. Here is a look at five ways being fired varies from being asked to resign from your current position.

Being Asked to Resign is More Graceful
Being asked to resign from a position is often a much more graceful transition than being fired straight out. Being asked for your resignation letter may allow you to give yourself a grace period as to when your employment contract will end. This allows you to tie up loose ends, find a replacement position and prepare yourself for your impending career move. When you are fired, there is no grace period, no compensation package if fired for cause and no apologies. You've lost your job and now you must scramble to find a replacement or be impacted financially when you have to live without your former salary.

Being asked to resign isn't without a price because you may be given a time frame in which the resignation must be given. Additionally, you will have the added stress of working in a work environment where you know you are no longer welcome, and you may have the added responsibility of finding and training your replacement.

Who Has the Final Say
When it comes to terminating an employee contract, the rules are very tricky. A manager may consult various sources such as human resources, legal or a superior member of upper management to determine that he or she is following the proper protocol. Employees have rights, too. If an employee feels that he or she was unlawfully terminated, and he or she has proof to back it up, the employee can actually appeal an employer's decision to terminate the employment contract. In order to do so, you will need to contact your human resources department, and be prepared to present all of your pertinent documents showing proof that you were wrongfully terminated. Some examples of unlawful terminations include being terminated due to racial or religious bias.

Financial Implications
The financial implications between being fired outright and being asked to resign are quite different as well. Being asked to resign will have much less of a financial impact than being fired would. With a resignation you can collect up until your last day on the job and file for unemployment while you look for work. If you are fired for reasons like serious misconduct, you may find yourself having a difficult time getting approved for unemployment compensation.

Being Fired May Complicate Your Job Search
Being fired from your most recent employer may make finding new work even more difficult. Explaining why you were fired to a potential employer is not only uncomfortable but difficult as well. While you are trying to explain to a potential employer why you would be the best candidate for the job, you have to explain why you failed at your most recent career venture. A resignation will be overlooked, while a termination will likely be scrutinized.

The Bottom Line
At the end of the day, a request for your resignation is a much more graceful option than being terminated outright. A resignation gives you a grace period to find replacement work, tie up loose ends and get your financial house in order before stepping into the world of unemployment.

How Inflation Affects Your Net Worth
Ways To Destroy Your Net Worth
Rebalancing Your Portfolio For The Fiscal Cliff
Why Santa Is The Shrewdest Businessman
Gift-Giving Etiquette
How To Financially Prepare For A Doomsday Scenario
What People Spend On Christmas Around The World
5 Most Financially-Lucrative Toy Fads
Is Free Shipping Worth It?
How Much Your New Year's Partying Could Cost You
The Fiscal Cliff And Your 401(k)
Fiscal Cliff Implications For Year-End Tax Planning
5 Viable Career Options In 2013
Save Early For Retirement If You're A High Earner
Languages That Give You The Best Chance To Broaden Your Career
Top-Paying Contract Positions
A Look Into Proposition 30
The Real Risks Of Entrepreneurship
What New Student Loan Repayment Options Mean
3 Famous People With MBAs
How To Play Dividends During The Fiscal Cliff
The Highest Paying Jobs In 2013
Top Employment Skills For 2013
Don't Judge Your Partner Based On Credit Score
Most Affordable Cups of Coffee
Planning Your Retirement Using The Monte Carlo Simulation
How To Dine Out Without Breaking The Bank
The Real Cost Of Volunteer Tourism
Top 5 Business Alternatives To Facebook
Plethora Of 401(K) And IRA Changes Coming
How To Improve Net Worth By Decreasing Liabilities
6 Top-Paying Freelance Jobs
Should You Poach Clients From Other Advisors?
Gifts For People You Aren't That Close To
How The Fiscal Cliff Could Affect Your Net Worth
Why You Should Know Your Net Worth In Retirement
How Credit Cards Will Change In 2013
Why You Should Know Your Net Worth In Your 20s
Students: Don't Be Afraid Of Your Net Worth
Average Net Worth Of The 1%
6 Tips For Increasing Your Net Worth
Share 0 Disqus Net Worth Of Citizens Around The World
The Cost Of Santa's Trip On Christmas Eve
Why You Should Embrace Online Shopping
How To Advise A Couple Starting A Family
7 Tips For Outlet Mall Shopping
All I Want for Christmas Is A Santa Claus Rally
Social Faux Pas Made By Frugal People
The True Cost Of Pharmaceutical Scandals
Will Your Net Worth Be Affected By A Recession?
Are You On Track To Hit Your Desired Net Worth By Retirement?
Net Worth Throughout Your Life