What do you do?

@Myrrdin (3601)
Canada
June 3, 2009 12:04pm CST
You have a good job, that pays above industry standard and you enjoy a lot. Then you are suddenly told that you may lose your job in 6-9 months, but no one knows for sure, most people in your building are definitely losing their job but your job is neither earmarked for the chopping block nor protected... if you stay till the end of the term you get a pay out, if you leave early you don't... if you stay till then end you may not be able to find a job at all...
5 people like this
16 responses
@jayrene (2712)
• Philippines
3 Jun 09
if i am in that situation... i will stay till they really tell me im out of job. i will save what i am going to earn monthly, will spend less, maybe cut off some things that are not that really important to me. then start saving that monthly salary. 6-9 months is still a long way... finding another job is really hard now, even if you stay or leave early you are not sure if there is another job waiting for you right away. the best thing for me to do if i am in that is to stay and save my salary... carefully spend the money i am earning... so by the time i dont have a job anymore i still have money in savings, i could use that to start a small business or something, and just let the money roll till i find another job.
2 people like this
@Myrrdin (3601)
• Canada
3 Jun 09
Well I've already started a small business... problem is its VERY VERY VERY small LOL..... I figure a few years before its even close to profitable enough to live off of.
2 people like this
@jayrene (2712)
• Philippines
3 Jun 09
then save more for it to add to whatever you have already there, do this little by little, so the profit will increase too. many businesses that have boomed started from a small beginning.
2 people like this
@Raven7317 (693)
• United States
4 Jun 09
I was faced with this very same situation... I was told I was loosing my job in a few months; stay and I get severance, leave and I get nothing - but another job. I viewed it as a loyalty thing. First, I had been with the company over 9 years, it was my first job out of college. Second, I LOVED MY JOB, I loved the company, and I didn't see the restructuring as really, any of my business. This was a global, multi-million dollar company, making decisions so high up that I couldn't fathom and wasn't qualified to question. So, in the end, I stayed. As a result, I was asked to train my replacement. At first, I was devastated. I was crushed, that I was actually giving all my knowledge, years of hard work and developement to someone else. Then I realized what an honor it was to be asked to do this. Only one other person was asked to do this too, because it was too big of a job for one person. I saw it as a huge TRUST, that they would ask me to pass my knowledge on, that they considered me worthy of teaching their business to anohter. Sure, it hurt at times when I saw the new people changing things, but that's life. Everyone works the way that is best for them, it was just that what was best for me, wasn't best for them... I only guided them to success with the company. In the end, I got a raise, I got to travel, I was kept on for much longer than others when training took longer than expected and I was give the most incredible reference and boost on my resume. Oh yeah, and I got a fantastic severance package! I say, if you love your work, if you're truly loyal to the company; stay until the end. The loyalty will shine thru on your resume and in your future contacts. If you are indifferent, leave. But remember this; in this economy staying or leaving does not guaruntee you're quick return to work. You run the same risk of being out of work for months now as you do later. Best of luck.
1 person likes this
@Myrrdin (3601)
• Canada
4 Jun 09
I wouldn't leave without a replacement job, that being said if I found a job now not sure if I would take it or not. As for my loyalty to the company... meh not so much, but Loyal to the local people, ya absolutely.
1 person likes this
• United States
5 Jun 09
You may want to consider this: if you start looking for a new job now and at interviews you're answer to "Why are you leaving this company?" must be a careful one. You don't want to tell them that you're leaving because they are going to be laying you off. This may project your lack of loyalty and the new company will not view that positively... Good Luck
• Canada
3 Jun 09
"May lose your job in 6-9 mos". That isn't for sure then. I'd stay and get the payout, to see if the job was even discontinued and look then. Why would ther be other jobs available now that wouldn't be available then? How can you know that. If it is because of the recession and you were a new hire, you would be the first on the chopping block anyway. So, all you would have lost is the payout at the other job. My advice: STAY!
1 person likes this
@Myrrdin (3601)
• Canada
4 Jun 09
Jobs in general are scarce, the longer you are looking the better the chance that you will find a job.... so if I started now I have a greater chance of finding a job. I am pretty low on the totem pole at this job too so really starting over at a new job wouldn't be that huge of a deal.
1 person likes this
@sway2513 (50)
• United States
4 Jun 09
I went through this exact situation a little over a year ago. My advice would be start looking for a new job ASAP! It took me about 7 months to find a new job after my office closed and the pay i make now is pathetic, so technically im still looking. The market is terrible right now, so i would not waste one second looking for a new job. Although if you make a good ammount of money you could stay and always go on unemployment until you find another job, but you can only do that for so long.
@stephcjh (32327)
• United States
4 Jun 09
I would defintely stay with it until the end. I would then try to draw some unemployment while looking for a new job. I would hope that it worked out that way and gave me time to find another good job.
1 person likes this
@lalyn19 (18)
• Philippines
4 Jun 09
I can relate to you Myrrdin. I was in the same situation as yours. Last year we were informed by the management that will stop our operation by December 2008. They promised that we'll going to get a separation pay and the rate will still be discussed by the board of directors. One month notice of separation is legally honored to our country and so last November 2008 I received a letter and expected to get my separation pay on December the same year. Until now I'm still at the same company waiting to be paid. I don't know how to respond to it. Am I going to be happy coz I still have a job? or better opportunities passed me by? I rejected many companies who offered me a job because I'm thinking of my separation pay that somehow will help me to put up a small business. Right now I decided to wait until our operation will be totally stopped.
@postlover (191)
• China
4 Jun 09
Even you quit the current job early, you mustn't find a new job at once. For most of experienced workers, it is up to luck,because your skill is fixed. You can set some resumes online and waiting for responses at the time before you are out.Don't pay much attention to unsure things, but you must be ready for them.
1 person likes this
@kkarki44 (132)
• Nepal
4 Jun 09
On that situation, i will do that job until that time, beside that i cut of my expenses and invest some money on my career growth on which i can get job or work easily. On these days finding job is difficult . If i can develop my different skill then i can have more opportunity. Developing a variety of skill on self will may create more opportunity. Such as i am administration on office, i am developing my myself on web development. if i lose that job i can search job on both sector. I can also get part time job on web development. from which it will not be difficult for me on following days
1 person likes this
• Philippines
4 Jun 09
for the past 5 months i have been attending Seminars regarding part-time and full time entrepreneurial topics and listening to business resources speakers. am saving a few bucks for my plan to start my own food cart business just in case i loose my job. one of the reasons why am not spending too much of my money..
1 person likes this
@Bradpete (822)
• Philippines
4 Jun 09
Yes, but due to Global Economic Crisis our jobs is on and off or seasonal. It's so sad nowadays some people are "silent posts counting stand by" -Philippine term. They said that when someone has no job. Nearly every where is no vacancy. Others are lower salary basis. Sub minimum in salary. Even in USA suffering due to job vacancy.
@CJscott (4182)
• Canada
3 Jun 09
Hmm. Me I am a very confident person. I know that I provide my companion more value then I am worth. As such, I do not worry about such things, and stick out my term. If at that time they decide to boot me, I have my pay out, and my contacts, as well as my experience, and I could either relocate to a different company or city. Or learn something new. Cheers.
1 person likes this
• United States
4 Jun 09
Well, since there is a payout I would definitely stay until the end of the term. I would scale back my schedule and start looking for work, using my days off to interview. Any prospective employers I would give them a date to which I could start. This way, I would be protected as far as having a job plus have the payout if my job was one of the ones to go. On the other hand, if my job is saved, I haven't jumped ship and still have my job intact, making sure I haven't quit without reason.
@Myrrdin (3601)
• Canada
4 Jun 09
That's part of the issue, I can't really give a prospective employee an exact date as I haven't been given one either, and not even 100% sure I will even be let go.
@freerr (667)
• China
9 Jul 09
I will happy if I know that. I will wait for the actual inform. During this period of time, the pressure will decrease, I will live fine. At the end of this period of time, I will start to find a new job, indeed, it is not difficult. When I am requested to leave , I will get much money as compensation. This is fantastic for me. Indeed, I hope my company fire me and give me some compensation according to local low.
@dawnald (84070)
• Shingle Springs, California
8 Jul 09
I stay, unless I have a pretty good reason to think I'm likely to be at risk. Especially if the payout is a nice large lumpsum.
@carolscash (9500)
• United States
5 Jun 09
Due to the economy and the downfall of the automotive industry, I believe that there are many people facing the same situation. I would stay and get all that I could out of the business that I was in. I think that it is nice that the companies offer payouts but I don't think that they should force people to stay in a company for so long before they can get it. If another job offer comes along, I think that a person should take it.
@faisai (1138)
• Hong Kong
5 Jun 09
I think I will still stay there. Yes, it may be difficult to find a job later when the time comes, but it doesn't seem that looking for a job now is an easy task. In fact, if I really was told such thing, I will make sure I learn everything possible from my job during these months. For instance, I would be more active in roles that I haven't been participating, taking more responsibilities than I used to be so that I got more experiences. The only thing we know for sure is we don't know for sure anything. So, leaving the job doesn't necessarily mean anything better from my point of view.