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Old 05-25-2013, 09:06 AM   #61
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Have seen too many of these "walk out" scenarios, even for long standing and totally trustworthy employees to ever risk giving a long notice unless I was already comfortably FI.
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Old 05-25-2013, 09:14 AM   #62
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A very good business acquaintance/friend of mine, hardworking, as-loyal-as-you-can-be to megaCorp just gave his 2 week notice. He and I started about the same time, approximately 9 years ago. We're peers, in different facilities, met through work and hit it off. We have similar work ethics and have always been excellent employees. We were bought about a year ago by a mega megaCorp and truly it's been downhill since. Overall, there's been a lot of change (not for the better) here and at his facility, new organization and new management. Since we're middle management, we've taken the brunt of the bad news and both of us have tried to "soften" the new corporate overlords message to our staffs, which as most of you know, is how can we make more money, even if it means stealing from the employees. So far, we're down about 12% in total compensation so far not including the bonus plan which have mysteriously not been discussed this year. Unfortunately, he'd finally reached his breaking point when they hired a real clown (from the takeover business) to run the facility and be his direct supervisor. He also works in a area of decent employment options and opportunities, so he found another job almost immediately. With a new company taking over and a new boss, moving to somewhere else across the street is pretty easy.

However, he kept his 2 week notification cordial, professional and was not going to a competitor. Well, he (and we) were shocked when the new boss "walked" him to the door the next morning. They even didn't let him pack up any personnel belongings (said they would send them to him) and they cut him loose immediately, cancelled benefits, pay, sent a e-mail to all saying he was not allowed in the facility except by HR, etc. He just laughed it off, good for him. Personally, I'd be pissed and though I had planned to give my boss some extra notice when I go (soon enough), no way in hell. I'll work right up to the day, then give my two week notice. Yep, it may cause me to work two weeks more or if they behave similarly, I'll already have my personnel effects packed and ready to go.

So, as a word of advice, quoting the Boy Scout motto, "Be Prepared". The timing of your final workdays and giving notice may be much different than you anticipate.
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Old 05-25-2013, 11:41 AM   #63
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Well, jime444, you've got me thinking. Maybe it would be better for me to wait until I've already passed my "eligible for ER" date (Sept 2014), before I give notice. I was thinking about giving notice 6 months prior to that date, then leaving Sept 2014. And although I think the scenario you describe is highly unlikely to occur in my situation, I probably should protect myself against it anyhow. It will mean leaving later than I had planned, but it'll give me more peace of mind.

Passing that "eligible for ER" date doesn't mean a whole lot, in my case. It won't affect my small pension. What it does allow, though, is for me to maintain myself under their healthcare coverage, if I want to, until I'm 65 (although I have to pay the premium myself). If they got sadistic and decided to "walk me to the door" prior to my eligibility date, I could only extend that coverage for 18 months.

So thanks for mentioning that. I think I'll be better off if I wait until after I pass that eligibility line, before I give notice. I don't think they'd do anything nefarious, but you never know. I do have a tendency to underestimate how crappy people can be, sometimes.
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Old 05-25-2013, 11:58 AM   #64
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Well, jime444, you've got me thinking. Maybe it would be better for me to wait until I've already passed my "eligible for ER" date (Sept 2014), before I give notice. I was thinking about giving notice 6 months prior to that date, then leaving Sept 2014. And although I think the scenario you describe is highly unlikely to occur in my situation, I probably should protect myself against it anyhow. It will mean leaving later than I had planned, but it'll give me more peace of mind.

Passing that "eligible for ER" date doesn't mean a whole lot, in my case. It won't affect my small pension. What it does allow, though, is for me to maintain myself under their healthcare coverage, if I want to, until I'm 65 (although I have to pay the premium myself). If they got sadistic and decided to "walk me to the door" prior to my eligibility date, I could only extend that coverage for 18 months.

So thanks for mentioning that. I think I'll be better off if I wait until after I pass that eligibility line, before I give notice. I don't think they'd do anything nefarious, but you never know. I do have a tendency to underestimate how crappy people can be, sometimes.
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Old 05-25-2013, 12:27 PM   #65
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They even didn't let him pack up any personnel belongings (said they would send them to him) and they cut him loose immediately, cancelled benefits, pay, sent a e-mail to all saying he was not allowed in the facility except by HR, etc.
This seems extreme. Curious what your company policies are/were. I suspect the individual you are talking about actually had some legal recourse that he choose not to pursue.

Where I work this action would mean the company was severing employment since they stopped paying the employee prior to the employees stated departure date. If this happened to me, I would receive 36 weeks of salary plus buyout of any accrued vacation that I had not yet taken. This is not executive level severance, this is just the high end of what regular employees at my company can reach.

At my company they may remove you from the site and pull your physical and systems access, but they don't stop pay until your stated departure date. This is because its cheaper to pay you for this than pay severance. I have only once in 26 years witnessed a case of an employee saying they were leaving in 2 weeks, but getting immediately shown the door. He still got paid. HR was worried that the departing person would influence more of us to go with him so they wanted him out of contact with us. Even 25 years ago this action was silly and had little impact since we all had contact outside of work. Today it would be even more useless.
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Old 05-25-2013, 01:20 PM   #66
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Never put your trust in an employer to act in your interest.
True.
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Old 05-25-2013, 01:34 PM   #67
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This is easy.

Give no more than 30 days notice. Then, offer to work as an independent contractor for as long a term as you are comfortable with. It could be 6 months or until they hire your replacement, whichever comes first.

For compensation, charge an hourly rate of 2-3 times what you earned as an FTE.

Without this arrangement they may continue to procrastinate about finding your replacement and you will likely stick around longer than you wanted.
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Old 05-25-2013, 04:21 PM   #68
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This seems extreme. Curious what your company policies are/were. I suspect the individual you are talking about actually had some legal recourse that he choose not to pursue.

Where I work this action would mean the company was severing employment since they stopped paying the employee prior to the employees stated departure date. If this happened to me, I would receive 36 weeks of salary plus buyout of any accrued vacation that I had not yet taken. This is not executive level severance, this is just the high end of what regular employees at my company can reach.

At my company they may remove you from the site and pull your physical and systems access, but they don't stop pay until your stated departure date. This is because its cheaper to pay you for this than pay severance. I have only once in 26 years witnessed a case of an employee saying they were leaving in 2 weeks, but getting immediately shown the door. He still got paid. HR was worried that the departing person would influence more of us to go with him so they wanted him out of contact with us. Even 25 years ago this action was silly and had little impact since we all had contact outside of work. Today it would be even more useless.
My employer could (and very likely would) do the "walk to the door" also. I work in at "at will employment" state, and there is nothing to prevent the employer from terminating employment at a moment's notice. Before I give notice a few years from now, I will have already removed all personal belongings from my workplace, and I'll be prepared if they remove me from the premises immediately. If they don't, fine. But best to be prepared.
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Old 05-25-2013, 05:24 PM   #69
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Yes, even though it may not happen badly, there's absolutely nothing at risk except another couple of weeks of work if you give your notice after "passing" the goal line. You just got finished doing 1000-1500+ weeks, what's another two or three in the grand scope of things, just to be absolutely sure, eh?

Early in my life, my late father said to me and I quote, "if you ever think anyone has your best interests in mind except yourself, you are probably going to be disappointed". And even though it sounds almost silly, it's amazing to me how "trusting" people are with respect to their JOBS/employers.

Be safe out there.
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Old 05-25-2013, 06:22 PM   #70
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Thanks, jim, I will. I had an incident recently which convinced me that administration does not have my best interests at heart at all. I like and trust my immediate supervisor, but in the end, it wouldn't be him that makes the decision to walk me to the door; it would be that same administration. So I think you're right. I'd best protect myself, even if that means staying on a little longer.
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Old 05-26-2013, 01:12 AM   #71
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I was working as a software engineer for a Megacorp computer company that had been going through layoffs for years. This was a great company and the work atmosphere was great except for the occasional layoffs.

Even though I didn't expect it, I was prepared to be walked to the door or terminated immediately upon giving 2 week notice. I had already taken my personal stuff home and cleaned up all my computers and storage of anything personal.

Giving unexpected notice for a great high paying job with no plan beyond an Early Retirement at a very early age (41) was one of the scariest things I have ever done.

I gave notice on April 1 (a Monday), since there were (non-performance-based) quarterly bonuses and you had to have worked on the first day of the following quarter to be eligible (but you didn't still have to be working there -- the bonus turned out to be several thousand dollars).

Anyway, they were shocked but everything was cordial. There were two big going away lunches (one during my employment and one after) and even a party at my workplace with a nice cake.

While I didn't expect anything like instant termination, I was prepared for it just in case. Prudence!
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Old 05-26-2013, 06:13 AM   #72
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After reading these posts, I can't believe what hostile atmospheres some of you folks work in. I don't think I could do it unless the money was really, really good. And I guess it must be really good...for some of you to retire in the 40s or early 50s.

I am a Federal gumshoe. Our benefits package depends on length of service, high three, etc. with no bonuses and no package deals worked out for early terminations. I guess we have the tortoise and the hare. And you know who the tortoise is...
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Old 05-26-2013, 06:21 AM   #73
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Well, he (and we) were shocked when the new boss "walked" him to the door the next morning. They even didn't let him pack up any personnel belongings (said they would send them to him) and they cut him loose immediately, cancelled benefits, pay, sent a e-mail to all saying he was not allowed in the facility except by HR, etc.
I have seen this myself. Except that it was done the minute he gave notice.

I have even seen a case where the same company called a guy's next job and got him sacked.

Bon chance, mon ami.
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Old 05-26-2013, 06:23 AM   #74
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After reading these posts, I can't believe what hostile atmospheres some of you folks work in. I don't think I could do it unless the money was really, really good. And I guess it must be really good...for some of you to retire in the 40s or early 50s.

I am a Federal gumshoe. Our benefits package depends on length of service, high three, etc. with no bonuses and no package deals worked out for early terminations. I guess we have the tortoise and the hare. And you know who the tortoise is...
Welcome to our world.
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Old 05-26-2013, 09:01 AM   #75
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I have seen this myself. Except that it was done the minute he gave notice.
Likewise, I've seen people escorted back to their desks and supervised while they pack their things, as well as people be allowed to serve out their notice. In several cases of people suspected to be retiring or just looking for work elsewhere, the bonus/raise planning gave them zero or nearly so, on the theory that they were not likely to stay long - an unsurprisingly self fulfilling prophesy.

I like my company and the folks I work with, so I will likely give a longer than a few weeks notice, but when I do give notice, I will not be planning to meet any critical milestone during the notice period.
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Old 05-26-2013, 10:24 AM   #76
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I could be ready to split as soon as 1/1/14.
...
Any big holes in my line of thinking?
I hope not. I've got the same plan, same date.

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Have seen too many of these "walk out" scenarios, even for long standing and totally trustworthy employees to ever risk giving a long notice unless I was already comfortably FI.
I need one paycheck in the year I turn 55 before I'd tip my hand for fear of the "escort to the door scenario". Hopefully they're not reading this forum, hehe.

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+1
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Old 05-26-2013, 08:30 PM   #77
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I've been through multiple buyouts, takeovers, consolidations and "downsizings" in my career, some which affected me badly, some did not. However, almost all affected SOMEONE. Accordingly, even though you may believe the company, corporation, owners, management "owe" you something, you are probably going to be sadly disappointed. I also work in an employ at will state, which means termination is only seconds away at any time. No reason needed, period. Always be mindful of that. Most people don't even understand the concept. I would hope some would change their spending habits considerably, if they did get it.

I truly appreciate the friendship and enjoy my coworkers, boss and subordinates, very much. However, as much as the company wants you to believe it's a family, it's not. I know after 35 years of working many long days and weeks and the sights and behaviors I've seen, that this is true. It's work, you get paid to provide services, knowledge, etc. so they can continue to make profits. Personally, I would not give them any indication of retirement, leaving, going to another job, until your (personally) ready to do so, especially financially.
It sounds cold, but another quote from my late father, "Business is business". Try to make sure it's in your favor. Or, at least a neutral situation. Good Luck!!
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Old 05-27-2013, 08:44 AM   #78
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Thanks, jim, your feedback has been helpful.

I'm going to do what I need to do, to protect myself. I'm enough of a worrier to take these worst case scenarios seriously. Sometimes, a little paranoia can be a good thing.
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Old 05-27-2013, 10:57 AM   #79
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EREddie,
It appears you've got a very good head on your shoulders and you are doing the "smart thing" by protecting yourself as best you can.

Good luck to you and congratulation on your upcoming retirement, it will take a little bit to get used to it; however, once you do, you'll wonder how you put up with all the nonsense!!

Cheers.
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Old 05-27-2013, 03:30 PM   #80
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I have always been prepared to exit immediately upon quitting (personal stuff taken home, etc.). Simple prudence.

When I tell them I am splitting, I don't expect to be asked to leave immediately, but it is possible. The more confidential stuff you are privy too, the more people get nervous when you are leaving.
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