So redundancy been expected for the last year, I've been waiting for manufacturing to be finished until I got my notice (due to my role). Completion of manufacturing was dependent on a few factors.
Based on situation I'm expecting my notice end of next week. Then 4 weeks notice and 8 weeks PILON. I've been applying for internal and external jobs. It's down to 2
1) external - completely different company ...commute is in the opposite direction away from traffic but still 1 hr (current is 1hr in heavy traffic) ...job is a step up in responsibility and very much a coaching mentoring type role, very people focused ...will need to travel 1 week a month some times more sometimes less depending on what's happening but to the same place each time ...basic salary is 20% more ...no bonus/no car allowance/no private healthcare/pension not as good ...it's a newly created job so I'd be making it from scratch my way
2) internal ...mainly just doing analytics reports ...mostly home based ...similar Salary perhaps 5-10% increase ...outstanding benefits! Car, bonus, healthcare, pension ...travel can be often and varied or nothing for months ...love my company they have been generally great just their internal recruitment process is not good
WWYD? 1) offer is on the table 2) awaiting til next week before if I know for definite I have it.
But if I need to decide now to not lose 1 if that's what I go for
What questions should I ask myself?? I think I know, I just want to be sure.
I'd accept 1 if you need to make a decision but then if you get offered 2 and decide it's the best way to go, I would withdraw my acceptance of 1. I'd feel bad doing it don't get me wrong, but you have to look after yourself.
I switched from a job that had a 15 mile commute that could take up to an hour due to traffic, to a 75 mile commute that doesn't generally have traffic and takes about 1hr10. I cannot tell you the difference it makes, I hate it. I thought that as I wouldn't be in the car much longer time wise it would be ok. It isn't! X
Thanks both, I guess I need to also consider, I'll get my severance package if I take 1 and not with 2 (it is worth approx 7-8 months pay), so that would be in my back pocket for a rainy day and not to be sniffed at.
A redundancy payout is usually tax free too (unless you’re a higher rate tax payer) so in real terms it’s a lot more than 7-8 months pay. If option 1 is willing to wait for you to be made redundant, and through your consultation period and notice, then financially that’s the best move. But it’s not all about the money. You need to be happy at work. Good luck with the decision!