I am quite surprised to receive an offer because it is not so often that someone my age gets a solid offer. I am in great dilemma whether to stay or accept that offer because I have a little less than five years left until retirement.
I would prefer to leave here because I know a few people who got cut even though they were counting the days until retirement, but still, there is also risk in accepting something new. Any advice?
8 replies (most recent on top)
Take the offer before they reduce it, if you are of retirement age, think u can leverage the medical portion. Look for a new full time job, if not you probably can consult to bring in income till u fully retire…
Search for something new, but also find ways to do the bare minimum at whatever your current job is. Use vacation at optimal times for you; regardless of the situation or “important” “deadlines” at work.
What are you giving up by leaving? Think long & hard.
What are the risks of the new job?
How long is tenure there?
Older long term employees get riffed all the time.
Will a layoff package pay you 2 years of retirement? If so - stay - you can find job after...
Get out now. Shrinking organization. Staff reductions will be expected by the board/PZ to offset automation costs and consultant fees. A matter of when, not if. I'm already seeing highly rated staff strategically moved to safer roles
Your dilemma is really not a dilemma. Start sending out resumes and if you get a bite - if so, take a harder look. If you don’t get an offer then stay put for as long as they will let you - payout to leave is pretty good. It’s up to you to not be complacent- the answer is simple - start looking see what happens.
More money?
Yes = Leave
No = Stay
Next question?
Unless you are an underwriter in a profitable line or a job 24&above I’d say leave. AIG wants to offshore or automate as much as possible of the back office work and they are not going to take 5 years to do it, maybe two more. You will get riffed at AIG, it’s just a matter of when.