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re: The writing on the wall... "going down with the ship"
Posted on 8/19/14 at 10:10 am to Random LSU Hero
Posted on 8/19/14 at 10:10 am to Random LSU Hero
I was in this situation about a year and a half ago. We were sinking quick. I passed up a few job offers because I wasn't ready to move to Houston, which I thought was inevitable anyway. I stuck it out and we worked our arse off and got it turned around. Some new investors came in as well and now the company is doing better than it ever has. For my loyalty I was given a 28% raise a couple months ago. Which is more than all the job offers I received from competitors knowing we were going down and I didn't have to move.
0
Posted on 8/19/14 at 10:13 am to jmcs68
Happened to me as well, twice.
I was on the hunt for new opportunities and got canned before I could make the move. I got a severance package, but it sucked.
The first time, the facility I worked at announced they were closing and provided a time frame. They also told each employee individually when there separation date would be. Some were walked immediately, some would be let go in phases as everything shut down. Just over 600 people, I was in the very last group of 12. So I had plenty of time to prepare myself and schedule interviews.
Well I scored a job and had my start date set to start a week after I left, that way I could collect my separation package. I walked out of there with a check for just over 6 months salary, took a week off, and started a new job with a $15k increase. Couldn't have worked out better for me.
Play your cards right, start looking. You may find something that will make the decision easy for you. Either way, in this economy, I'd never suggest riding out a sinking ship. Bail on your first opportunity.
I was on the hunt for new opportunities and got canned before I could make the move. I got a severance package, but it sucked.
The first time, the facility I worked at announced they were closing and provided a time frame. They also told each employee individually when there separation date would be. Some were walked immediately, some would be let go in phases as everything shut down. Just over 600 people, I was in the very last group of 12. So I had plenty of time to prepare myself and schedule interviews.
Well I scored a job and had my start date set to start a week after I left, that way I could collect my separation package. I walked out of there with a check for just over 6 months salary, took a week off, and started a new job with a $15k increase. Couldn't have worked out better for me.
Play your cards right, start looking. You may find something that will make the decision easy for you. Either way, in this economy, I'd never suggest riding out a sinking ship. Bail on your first opportunity.
Posted on 8/19/14 at 10:22 am to Random LSU Hero
quote:
is it ever not a good idea to just bounce?
In theory, it could be beneficial to go down with the ship depending on circumstances like profit sharing from a sale, big bonus for those who close out, etc.
But, generally staying on because of loyalty? No. That's not a good idea.
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