And so.....it has come to this.
Posted by: JonR on 11 May 2005
Today the head of IT at the US investment bank I work for called me up and invited me into one of the meeting rooms at work for a 'conversation'. Now, the head of IT never calls me into a meeting unless it's about something serious, and this, unfortunately, was no exception.
Anyway to cut a long story short, my job has been put 'at risk', meaning that unless I can find another position within the business in the next 4-5 weeks, I will officially be made redundant, sometime around mid-June.
I have a formal meeting at our main offices next Wednesday when a representative of HR will be present, when I will have the options laid out to me and, I think, details of whatever redundancy package there is available.
In the meantime I have been told that apart from that meeting there is no need for me to come to work, and that I should use the time instead to do whatever I need to do to find alternative employment. So whatever happens my days in IT are over.
I know I've been complaining for some while about my job and the fact that I've been doing it too long, that my full potential is not being exploited, etc. But I wanted to be the one to tell them I was going, not the other way around! Typical!!
This could, however, be just the kick up the backside I need, and I could well see this as the first day of the rest of my life. It's just that, at the moment, it doesn't feel like that right now. I'm just a little bit gutted
Oh well, them's the breaks, innit
Cheers,
Jon
Anyway to cut a long story short, my job has been put 'at risk', meaning that unless I can find another position within the business in the next 4-5 weeks, I will officially be made redundant, sometime around mid-June.
I have a formal meeting at our main offices next Wednesday when a representative of HR will be present, when I will have the options laid out to me and, I think, details of whatever redundancy package there is available.
In the meantime I have been told that apart from that meeting there is no need for me to come to work, and that I should use the time instead to do whatever I need to do to find alternative employment. So whatever happens my days in IT are over.
I know I've been complaining for some while about my job and the fact that I've been doing it too long, that my full potential is not being exploited, etc. But I wanted to be the one to tell them I was going, not the other way around! Typical!!
This could, however, be just the kick up the backside I need, and I could well see this as the first day of the rest of my life. It's just that, at the moment, it doesn't feel like that right now. I'm just a little bit gutted
Oh well, them's the breaks, innit
Cheers,
Jon
Hi seagull,
When I asked for an indication of what the settlement might be, they showed me a piece of paper with two figures on it:- one was my statutory redundancy which equated to slightly more than a month's take-home pay, and the bigger amount which was the one I mentioned in my earlier post. All they said was it was an 'enhanced' figure, so I don't know how much is severance and how much is in lieu of notice, etc.
How are the MFSs by the way?
Cheers,
Jon
When I asked for an indication of what the settlement might be, they showed me a piece of paper with two figures on it:- one was my statutory redundancy which equated to slightly more than a month's take-home pay, and the bigger amount which was the one I mentioned in my earlier post. All they said was it was an 'enhanced' figure, so I don't know how much is severance and how much is in lieu of notice, etc.
How are the MFSs by the way?
Cheers,
Jon
Do you want me to inwest it for you, I'm sure I could arrange a right nice little earner, innit ! 
quote:Originally posted by seagull:
The statutary figures are complete pants, they showed you those to make the 'enhanced' figure seem generous (ok I'm being cynical).
Don't forget that they would owe you for any accrued but untaken holiday and make sure they don't shaft you about pension rights or any other benefits you may get (e.g. I had my Bupa cover extended for the 3 months in lieu of my notice period)
I've taken some annual leave this year but still have a significant amount left to take, so I guess this will be reflected in the final settlement. As far as the private health insurance goes I was told this would cease on termination of employment.
Shame about the in-laws eh, oh well tomorrow's another day
Hi there,
Just thought I'd post an update here as I have some news. My redundancy was officially confirmed at a meeting with my previous employer in mid-June so have been out of work since then.
This morning I had a telephone interview for a 6-8 week temp position at the offices of a local authority not far from me, and I have just found out from the employment agent that I have got the job!
The money works out pretty much to a little less than half what I was on before but to be honest it's better than nothing and it could lead to something else so I am happy. I start on the 1st August so I've got a week left to laze around.....!
Cheers,
Jon
PS: I think I can start to consider hifi upgrade possibilities again, but they'd have to be umm... modest ones!
Just thought I'd post an update here as I have some news. My redundancy was officially confirmed at a meeting with my previous employer in mid-June so have been out of work since then.
This morning I had a telephone interview for a 6-8 week temp position at the offices of a local authority not far from me, and I have just found out from the employment agent that I have got the job!
The money works out pretty much to a little less than half what I was on before but to be honest it's better than nothing and it could lead to something else so I am happy. I start on the 1st August so I've got a week left to laze around.....!
Cheers,
Jon
PS: I think I can start to consider hifi upgrade possibilities again, but they'd have to be umm... modest ones!
Jon
Glad to hear things are starting to look up for you - good luck at the local authority.
(Do you do modest upgrades?
)
Glad to hear things are starting to look up for you - good luck at the local authority.
(Do you do modest upgrades?
)Thanks Kevin!
(Well, when it comes to Naim I suppose not!)
quote:(Do you do modest upgrades?
(Well, when it comes to Naim I suppose not!
)Nice one Jon
Thanks guys, I really appreciate your thoughts.
Andy, thanks for the heads up re local suthorities, yeah I suspected as much. Hopefully the drive to work and back won't be too bad though, and at least they have flexi-time too, which would be useful.
Jonathan, when is your flight sim test??
Cheers,
Jon
Andy, thanks for the heads up re local suthorities, yeah I suspected as much. Hopefully the drive to work and back won't be too bad though, and at least they have flexi-time too, which would be useful.
Jonathan, when is your flight sim test??
Cheers,
Jon
I really must object to this serious outbreak of good common sense. This is supposed to be the padded cell. Where's your sense of responsibility chaps?
And where's Mick when you need him?
And where's Mick when you need him?
Look. I know I'm a waster/layabout/pinko pervert/will be first against the wall come the revolution/have noone but myself to blame that I can't afford a 7 Series and so on..... I don't need Mick to tell me that but I expect he will anyway.
quote:Harry said:
I know I'm a waster/layabout/pinko pervert.
It's no use bragging around here Harry.
Is it Mick?