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End Of Days Compensation Packages?
Waiting for the Axe to Fall asks: "I work for a larger webhosting company that has plans to consolidate one of its west coast data centers with an east coast location which they already have in place. Forget that this is a bad idea in terms of geographical redundancy--it is going to happen. The company did inform all west coast employees about the move, roughly a year in advance. This was done Im sure to ease the shock and fear of loosing ones job. This affects a small group (8-9) of employees, all of whom are tied up in operations and the data center specifically. If you were in this situation (as one of the employees), what would you require/want/wish for in this retention plan? The benefits of staying with the company, until the end, must out weight the risk of being jobless; or is this not the path you would choose? Would you leave as soon as the announcement was made?"
"As employees, the group decided to go to management and request a 'retention plan' of sorts. This is a contract that outlines specific benefits to stay with the company through the move, and help getting the systems across the country without service interruption. The support of these few is a requirement, due to the vast array of legacy and non standard systems. The job could otherwise be done with consultants, however going this route would take substantially longer, and would be at a much greater cost to the company. So, it is truly in their best interests to have the staff that has managed these systems for the past 5-8 years stick it out."
risk of being jobless when you come out of it. If you start looking right away then you will have a year to find a position, but of course you can't tell your future employer that you will be available in a year, they will just move on to the next person. So I would ask for at least 2-3 months pay as severance, and health insurance for at least 6 months after you finish the job. That would give you really 6 months to find a job(since you can start looking about 3 months before your start date) and who knows, maybe you could land a job right away and basically get an extra 3 months salary.
Monstar L
Would that be "Operate a video camera in the worst possible imaginable way" or "try (badly) to film a self-absorbed glory hunting SOB acting like a total jackass"?
Standard Severance - 4 weeks + 1 week/year of service, sometimes capped at 5 years of service. (This varies. Well placed executives may get years of severance, and store clerks may get none)
A "Stay to the Bitter End" Bonus - Approximately an additional 4 weeks of salary or $10,000 for those who stay until the very last day they are needed.
Immediate release from all restrictions in your employee agreement with regards to working for competitors.
Verification that the conditions of your termination will allow you to collect unemployement.
Find a new job now. Tell the hiring managers that your bonuses will keep you at your current position until the closing date. Don't fret about taking an hour here or there to interview; it's expected. Besides, they're already going to let you go soon. They need you and they're not going to fire you. It's time for you to start thinking about greener pastures.
Later, if they hire you back (and it may happen), offer to do so for a 25% raise, but settle for no less than 10%. If you don't have a new job, don't let them know about it. Your new "consulting" position prevents you from speaking about it.
The world will not get better through technology. We must seek to be better people.
Regardless of the comp package, start networking the hell out of your soon-to-ex coworkers. Get names, phone-numbers, be the keeper of the list, organize pub-nights and get-togethers. When they find work elsewhere (or even start their own business) who are they going to remember and call? You, the organizing gatekeeper that you'll be positioned to be. In these situations, social schmooze power wins.
One line blog. I hear that they're called Twitters now.
Irony: 1a. The use of words to express something different from and often opposite to their literal meaning. b. An expression or utterance marked by a deliberate contrast between apparent and intended meaning. c. A literary style employing such contrasts for humorous or rhetorical effect. See synonyms at wit1. 2a. Incongruity between what might be expected and what actually occurs: "Hyde noted the irony of Ireland's copying the nation she most hated" (Richard Kain). b. An occurrence, result, or circumstance notable for such incongruity. See Usage Note at ironic. 3. Dramatic irony. 4. Socratic irony.
"1984" was ment to be a warning, not a guidebook. You hear that Kim Jong-il!? BushCo?!