Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Hi and how to suggest Company to offer ER
Old 07-16-2006, 04:50 PM   #1
Confused about dryer sheets
 
Join Date: Jul 2006
Posts: 1
Hi and how to suggest Company to offer ER

Hi All,
I am posting this on behalf of my DH who is not really a forum kinda guy. I am not sure if this forum is even the right place for this, but I will give it a whirl.* We both are not ready for early retirement financially, although mentally my husband is.* He will be turning 60 in October, and has been working for his current company for going on 12 yrs, and he is on his 10th VP of sales.* He like a couple of people on this forum, is burn't out of this job, is actually having physical illnesses due to the absolute 'dislike' of what this company has become.* The company is going through some major change and letting people go, but it really doesn't seem like they are going to let him go.* It seems they are hanging on to the two oldest emps, being my husband and another gentleman - and we can only speculate that maybe,* possibly they are afraid that my husband and his counterpart may come back with an age discrimination suit?* Our plan is to somehow get his company to let him go so he can reap the benefits of severance which we believe is 2 weeks for each year employed.* Does anyone have any suggestions how he can approach the company with this option without outright quiting and losing out on the severance.* Our plan during that severance period is to sell our house (in Florida) reap the benefits from this and move to an area where cost of living is cheaper and where he has connections for other jobs (lower paying) for another bit, until we are financially sound for him to retire.* Me...well I have a ways to go I'm 48 yrs and although ER for me would be lovely, I really enjoy my job - I work from home and can move or work anywhere - so not quite ready, but sure wish my DH could.*

Your suggestions would be greatly appreciated.
Thanks,
notreadyyet
__________________

__________________
notquiteready is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Hi and how to suggest Company to offer ER
Old 07-16-2006, 05:41 PM   #2
Thinks s/he gets paid by the post
SteveR's Avatar
 
Join Date: Jul 2005
Posts: 2,803
Re: Hi and how to suggest Company to offer ER

Hi Notquiteready,

Welcome to the board. Sure looks like it is time for your DH to get out of that job before it does more damage to his health. As for how to ask to be laid off? That is a complicated one and depends on many factors.

Sometimes the best way is to approach the subject from perspective of believing he may be laid off. If he can discuss this with the boss in an open and honest way it could very well lead to DH offering to take a "package." Sometimes it works...sometimes it doesn't. It is all dependent on many factors that are unknows to outsiders. DH is the best judge of how this might play out.

Good luck with it.

As a side note. Even if he cannot get a package getting out with his health would be a priority.
__________________

__________________
Work? I don't have time to work....I'm retired.
SteveR is offline   Reply With Quote
Re: Hi and how to suggest Company to offer ER
Old 07-16-2006, 05:51 PM   #3
Thinks s/he gets paid by the post
kcowan's Avatar
 
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 4,398
Send a message via Skype™ to kcowan
Re: Hi and how to suggest Company to offer ER

Is a package essential to your move? Naturally it would be good. But it sounds like the proposed move would be helpful anyway.

One thing to keep in mind: once you get off the merry-go-round by moving to a less expensive area, it will cost even more to come back. Unless you forecast Tampa to be in for a correction...
__________________
For the fun of it...Keith
kcowan is offline   Reply With Quote
Re: Hi and how to suggest Company to offer ER
Old 07-17-2006, 09:42 AM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
TromboneAl's Avatar
 
Join Date: Jun 2006
Posts: 11,013
Re: Hi and how to suggest Company to offer ER

Quote:
Does anyone have any suggestions how he can approach the company with this option without outright quiting and losing out on the severance.
Perhaps there's no downside to saying, to his boss: "Given all the changes around here, I wouldn't mind being laid off with a reasonable severance package."

Boss might say "Do you mean you're quitting?"

And he says "No, but with the standard severance pay, if it would benefit the company, I'd be willing to go."
__________________
Al
TromboneAl is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 11:01 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.