What to do....
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Hey people... I have the option of voluntary redundancy, or I can stick it out for a month and see if they want to keep me. The chance of that is relatively slim, as the new department size will be 25% of the current size! :doh: If I take voluntary, I get an extra 3 weeks pay compared to forced redundancy. I can just about afford to live until christmas (assuming I don't spend a lot on presents!). The place is a bad place to work at the moment, but do I take the risk of leaving and hope I can find another job in a month or two? Or try and stick it out, in the knowledge that I may be forced out in a month anyway? I have 2 years .Net (WinForms and ASP.NET) experience, plus 5 years OOP - how quickly am I going to find a job at this time of year? I haven't a clue, so... Vote 1 to stay, 5 to go! :sigh:
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Hey people... I have the option of voluntary redundancy, or I can stick it out for a month and see if they want to keep me. The chance of that is relatively slim, as the new department size will be 25% of the current size! :doh: If I take voluntary, I get an extra 3 weeks pay compared to forced redundancy. I can just about afford to live until christmas (assuming I don't spend a lot on presents!). The place is a bad place to work at the moment, but do I take the risk of leaving and hope I can find another job in a month or two? Or try and stick it out, in the knowledge that I may be forced out in a month anyway? I have 2 years .Net (WinForms and ASP.NET) experience, plus 5 years OOP - how quickly am I going to find a job at this time of year? I haven't a clue, so... Vote 1 to stay, 5 to go! :sigh:
IS there a payout on the redundancy ? Does the payout change if you stay ? I'd stay, and look for another job at the same time. Unless there's a big payout that you'd lose, then I'd go and look for another job. Christian I have several lifelong friends that are New Yorkers but I have always gravitated toward the weirdo's. - Richard Stringer
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IS there a payout on the redundancy ? Does the payout change if you stay ? I'd stay, and look for another job at the same time. Unless there's a big payout that you'd lose, then I'd go and look for another job. Christian I have several lifelong friends that are New Yorkers but I have always gravitated toward the weirdo's. - Richard Stringer
Christian Graus wrote: IS there a payout on the redundancy ? Does the payout change if you stay ? The difference between voluntary and forced is 3 weeks pay (at most) which is about £1400 less tax. But I may get that with forced redundancy anyway - it's not 100% clear yet.
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IS there a payout on the redundancy ? Does the payout change if you stay ? I'd stay, and look for another job at the same time. Unless there's a big payout that you'd lose, then I'd go and look for another job. Christian I have several lifelong friends that are New Yorkers but I have always gravitated toward the weirdo's. - Richard Stringer
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Christian Graus wrote: IS there a payout on the redundancy ? Does the payout change if you stay ? The difference between voluntary and forced is 3 weeks pay (at most) which is about £1400 less tax. But I may get that with forced redundancy anyway - it's not 100% clear yet.
So if you stay, the worst is that you'll break even. It's always easier to find another job if you're still working, so keep the job, take lots of sick days and look for something else. Christian I have several lifelong friends that are New Yorkers but I have always gravitated toward the weirdo's. - Richard Stringer
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Christian Graus wrote: IS there a payout on the redundancy ? Does the payout change if you stay ? The difference between voluntary and forced is 3 weeks pay (at most) which is about £1400 less tax. But I may get that with forced redundancy anyway - it's not 100% clear yet.
If the 3 weeks pay counts as redundancy isn't this tax free in the UK, up to around £30,000?
"Nothing is impossible for the man who doesn't have to do it himself." - A. H. Weiler
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If the 3 weeks pay counts as redundancy isn't this tax free in the UK, up to around £30,000?
"Nothing is impossible for the man who doesn't have to do it himself." - A. H. Weiler
Ted Ferenc wrote: If the 3 weeks pay counts as redundancy isn't this tax free in the UK, up to around £30,000? Spot on... but this is just extra notice in affect, so is taxed at standard levels. Redundancy pay is statutory minimum (270 for every year of service - except that as I'm only 24, despite having 4 yrs service, it only counts as 3!!! Grrr!).
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Ted Ferenc wrote: If the 3 weeks pay counts as redundancy isn't this tax free in the UK, up to around £30,000? Spot on... but this is just extra notice in affect, so is taxed at standard levels. Redundancy pay is statutory minimum (270 for every year of service - except that as I'm only 24, despite having 4 yrs service, it only counts as 3!!! Grrr!).
Well, you could try negotiating to make the 3 weeks a redundancy payment. Also remember to sign on the moment you leave the company, even if you have payment in lieu of notice as this gets you a free NI stamp every week. If you were 50 ish, you would get 1.5 weeks pay for every year of service! There is always the argument that it is easier to get a job when you are in employment, rather than if you are unemployed.
"Nothing is impossible for the man who doesn't have to do it himself." - A. H. Weiler
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Well, you could try negotiating to make the 3 weeks a redundancy payment. Also remember to sign on the moment you leave the company, even if you have payment in lieu of notice as this gets you a free NI stamp every week. If you were 50 ish, you would get 1.5 weeks pay for every year of service! There is always the argument that it is easier to get a job when you are in employment, rather than if you are unemployed.
"Nothing is impossible for the man who doesn't have to do it himself." - A. H. Weiler
Negotiating isn't an option - they aren't interesting in making things easy. Don't seem to care about how much they screw with people's lives. Full pay calculator is at: http://www.dti.gov.uk/er/redundancy/ready.htm[^] - thank god i'm not 20! :-) Ted Ferenc wrote: There is always the argument that it is easier to get a job when you are in employment, rather than if you are unemployed. Looks like I'm best sticking it out then... at least I have a 3Mb web connection to job surf there!! *Note to IT department - I'm just joking! ;-)
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Christian Graus wrote: I'd stay, and look for another job at the same time. That's definitely the sensible thing... I'm just not sure how much longer I can handle working there!!! :-)
Simon_uk wrote: That's definitely the sensible thing... I'm just not sure how much longer I can handle working there!!! It may seem bad working there now, but it may look like paradise if you are in need of money. I agree with CG, start looking for a job tomorrow. If you find a job soon, you may even be able to get a few money more :) Yes, even I am blogging now!
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Hey people... I have the option of voluntary redundancy, or I can stick it out for a month and see if they want to keep me. The chance of that is relatively slim, as the new department size will be 25% of the current size! :doh: If I take voluntary, I get an extra 3 weeks pay compared to forced redundancy. I can just about afford to live until christmas (assuming I don't spend a lot on presents!). The place is a bad place to work at the moment, but do I take the risk of leaving and hope I can find another job in a month or two? Or try and stick it out, in the knowledge that I may be forced out in a month anyway? I have 2 years .Net (WinForms and ASP.NET) experience, plus 5 years OOP - how quickly am I going to find a job at this time of year? I haven't a clue, so... Vote 1 to stay, 5 to go! :sigh:
Look for a new job now. If you do get made reduntant first then sign-on immediately, you will get some pay outs but it amounts to just £50 a week (more-or-less) but its better than nothing. There are lots of other benefits and tax reductions you will be able to claim if you are willing to fill in the endless number of forms. Most importantly, keep positive. I know it is easy for me to say that, but I had a period where I was "between jobs" last year and I think that helped. From a financial perspective: Cancel everything you don't need. For example, I had to cancel my Sky TV subscription, and looking back it was probably one of the best things I ever did. I've never taken it up again and in fact I hardly watch any TV at all now - I've found better things to do with my time.
Vogon Building and Loan advise that your planet is at risk if you do not keep up repayments on any mortgage secured upon it. Please remember that the force of gravity can go up as well as down.
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Hey people... I have the option of voluntary redundancy, or I can stick it out for a month and see if they want to keep me. The chance of that is relatively slim, as the new department size will be 25% of the current size! :doh: If I take voluntary, I get an extra 3 weeks pay compared to forced redundancy. I can just about afford to live until christmas (assuming I don't spend a lot on presents!). The place is a bad place to work at the moment, but do I take the risk of leaving and hope I can find another job in a month or two? Or try and stick it out, in the knowledge that I may be forced out in a month anyway? I have 2 years .Net (WinForms and ASP.NET) experience, plus 5 years OOP - how quickly am I going to find a job at this time of year? I haven't a clue, so... Vote 1 to stay, 5 to go! :sigh:
Personally, if it were me, I would grab the extra pay and start to work for myself (becoming redundant in your own business usually does not happen :) ) Go door-to-door to every business in your town until you have enough work. If it every slows down, just get out and knock on some more doors. Rocky <>< www.HintsAndTips.com - Now with "Recommendation" postings www.MyQuickPoll.com - Now with Recent Poll List
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Negotiating isn't an option - they aren't interesting in making things easy. Don't seem to care about how much they screw with people's lives. Full pay calculator is at: http://www.dti.gov.uk/er/redundancy/ready.htm[^] - thank god i'm not 20! :-) Ted Ferenc wrote: There is always the argument that it is easier to get a job when you are in employment, rather than if you are unemployed. Looks like I'm best sticking it out then... at least I have a 3Mb web connection to job surf there!! *Note to IT department - I'm just joking! ;-)
What tends to happen in these situations is that too many people are made redundant, and the work stops because of lack of man power, then they have to re employ the old staff, on a contract basis or employ new contractors/staff, who are not productive because they don't know the code! Alternatively they keep the bosses pet and sack the good guys! So if you get the push and they want you back for a few days, charge the same daily rate that they do, around £750 per day, or more, unless you are desperate for some cash! Don't forget treat them how they treat you! Best of luck!
"Nothing is impossible for the man who doesn't have to do it himself." - A. H. Weiler
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Simon_uk wrote: That's definitely the sensible thing... I'm just not sure how much longer I can handle working there!!! It may seem bad working there now, but it may look like paradise if you are in need of money. I agree with CG, start looking for a job tomorrow. If you find a job soon, you may even be able to get a few money more :) Yes, even I am blogging now!
I think it would be difficult to see this place as a paradise anytime in the next few years! Daniel Turini wrote: I agree with CG, start looking for a job tomorrow. If you find a job soon, you may even be able to get a few money more Keep your fingers crossed! :-)
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Personally, if it were me, I would grab the extra pay and start to work for myself (becoming redundant in your own business usually does not happen :) ) Go door-to-door to every business in your town until you have enough work. If it every slows down, just get out and knock on some more doors. Rocky <>< www.HintsAndTips.com - Now with "Recommendation" postings www.MyQuickPoll.com - Now with Recent Poll List
Door-to-door .Net salesman! That sounds fun! :-D Unfortunately, I don't think I quite have the experience to venture off on my own yet (although some collegues disagree with that so maybe it's more a lack of confidence!). Well, the vote is at 4.6 / 5 so that means go.... The vote is interested though - most people have advised staying! Think the people that voted are just having a laugh! :)
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Door-to-door .Net salesman! That sounds fun! :-D Unfortunately, I don't think I quite have the experience to venture off on my own yet (although some collegues disagree with that so maybe it's more a lack of confidence!). Well, the vote is at 4.6 / 5 so that means go.... The vote is interested though - most people have advised staying! Think the people that voted are just having a laugh! :)
Actually, it is a "solution provider" (just so happens yours are built with .NET). There are a lot of businesses that need help. Methods to automate their intranets, web sites and client/server applications. There vertical applications out there have only scatched the surface. Lots more to go. Rocky <>< www.HintsAndTips.com - Now with "Recommendation" postings www.MyQuickPoll.com - Now with Recent Poll List
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Hey people... I have the option of voluntary redundancy, or I can stick it out for a month and see if they want to keep me. The chance of that is relatively slim, as the new department size will be 25% of the current size! :doh: If I take voluntary, I get an extra 3 weeks pay compared to forced redundancy. I can just about afford to live until christmas (assuming I don't spend a lot on presents!). The place is a bad place to work at the moment, but do I take the risk of leaving and hope I can find another job in a month or two? Or try and stick it out, in the knowledge that I may be forced out in a month anyway? I have 2 years .Net (WinForms and ASP.NET) experience, plus 5 years OOP - how quickly am I going to find a job at this time of year? I haven't a clue, so... Vote 1 to stay, 5 to go! :sigh:
Find out how unemployment is affected. You would hate to take 3 weeks pay and have to turn down 6 months of insurance because you quit instead of got laid off - unless you get a better job right away. I don't know what your local laws are like, but you better find out. Don't ask HR either, they have lied to me about this before! No matter what you do start looking for a new job now. My expirence has been a few months latter they close the plant, so no matter what you shouldn't count on that job. Call all your contacts. Ask everyone you work with if they will be a reference. (here is one time you can openly do it and not get into trouble, use it!) In fact get those references down first! The rest is between you, your family, your savings, and your next job.