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Author Topic: What do you think this means?  (Read 5475 times)
chikky
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« on: March 22, 2012, 02:05:11 am »

I came across next year's budget and next to my title was a reduction in salary and the words, "staffing restructure,"  Time for me to look for a new job?
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Atlanta Z3
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« Reply #1 on: March 22, 2012, 03:21:03 am »

Glass half full, maybe they are going to move you to another position and hire another person?
Is there anyone you can ask, but I would also dust off the resume.  Is your budget calendar year? A lot can happen between now and the end of the year.
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gee4
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« Reply #2 on: March 22, 2012, 10:03:54 am »

I hate when this happens.  Don't companies realise because of the positions we are in, and information we have access to, we are more likely to have sight of this?

I'm not sure whether I would approach someone or not, but maybe a quiet word with your boss, explain how you feel after what you've read?

In the meantime, I would get your CV up to date - it will do no harm.
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msmarieh
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« Reply #3 on: March 22, 2012, 03:15:57 pm »

I would NOT talk to your boss about it at this point.

I would get your cv up to date and keep your eyes and ears open to the internal grapevine to listen for more information. I would start building up or refreshing your network to lay the groundwork for moving if necessary.

I would also take care of financial things (medical insurance appointments, new glasses, pay off bills, etc.) to do as much financial prep as you can just in case.

Of course those are just good ideas anyway, even if you aren't in danger of losing your job.
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raindance
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« Reply #4 on: March 24, 2012, 04:57:02 pm »

Chikky, it is so hard to bounce back and keep being bouncy when you find out things like this.  This is a case of don't get mad, get even and then get everything.   If you are in the States then you are subject to different labour laws than in the United Kingdom, where I am based, and what is in your contract. 

A couple of my friends are in a similar situation - both happen to work in the same company and are facing salary cuts of up to 30 per cent each, which is horrendous.  One is supposed to be looking for work, but can't find the time or energy.  The other has achieved a temporary (one year) promotion with a promised "review and we'll see if the new job is a good fit".  She could do heaps of work only to be told she isn't needed and she can go back to her old job at a much reduced salary.  There is so much uncertainty these days and people are afraid.

So, the others are right: exploit your current benefits to the maximum, pay off bills, save and reduce your outgoings if you can, get your CV up-to-date and any training you can do, and start job hunting.  It isn't easy, but you have to do it.

Keep your chin up, Chikky.  I know it's difficult, but do try.  When you feel down just come in here for a bit of encouragement. We'll quite understand. 

 
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