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10-27-2020, 05:13 AM
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#21
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Thinks s/he gets paid by the post
Join Date: Nov 2013
Location: Twin Cities
Posts: 3,941
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And I learned the hard way that a verbal conversation with your manager about when you plan to leave is just as iron clad of a resignation as written notice, so don’t have that conversation until you are certain.
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10-27-2020, 05:27 AM
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#22
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,304
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Like others have said, I’d give 2-4 weeks notice and no more, whether you appreciate your employer or not. Lots of people think they’re irreplaceable, no one is. Even though you may like your boss or some co-workers, everyone will know and some will try to make you miserable while you’re still there. I gave my boss 3 months notice and asked him to keep it to himself until 4 weeks before I left. He waited a few days and announced I was retiring company wide. Most people were happy for me, others were jealous, treated me like a lame duck, some started angling for my job or other jobs before I left - it wasn’t fun...
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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10-27-2020, 10:45 AM
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#23
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Thinks s/he gets paid by the post
Join Date: Dec 2017
Posts: 1,619
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Quote:
Originally Posted by Exchme
I We had a really good employee talk about retirement coming in the next 2-4 years - who you suppose got let go in the COVID downturn?
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Safer to talk about ER here
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10-27-2020, 10:53 AM
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#24
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2015
Posts: 5,862
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If it takes two months to get on the retiree health plan, then it sounds like that is the standard notice at your office.
I formally notified HR about 2 months out also, but my office knew a year in advance
__________________
Give a Man a fish, he will eat for a day.
Teach a Man to fish, he will eat for a lifetime.
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10-27-2020, 11:06 AM
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#25
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2005
Location: Chicago
Posts: 13,186
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Quote:
Originally Posted by RobotMom
Bamaman, I was kind of thinking the same thing. If my company thought it was time for me to go, I'd be escorted out that day. If they can do it, I guess I can do the same. I don't owe them anything.
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You seem to be overlooking the fact that Bamaman received a very generous exit package from the company. He was well taken care of.
Does your company offer any sort of exit package to long term employees who are RIF'd (not due to performance issues)? If so, when you say that "you can do the same" are you planning on treating them reciprocally by giving them an exit package when you leave?
I'm always amazed when folks describe their unplanned exit from a company during which they receive a nice package as being "walked out the door that day" and express ill feelings. Back in 2006, the guy from HR came to my desk, asked me to pack up, and walked me to the door. Then I got a check for a year of pay, medical benefits for a year and retiree health benefits for life (some of which have been clawed back). It's really hard for me to wish them ill given the entire departure situation, despite being escorted from the building the same day I was told. Not having these ill feelings hanging over my head in retirement has been a positive to my general enjoyment of my first 16 years of retirement.
Read and understand your company's published retirement policy. Follow it. Don't let small matters, such as being told you'll continue to be paid until your official last day but don't need to actually come into the office, bug you. Or, alternatively, if asked to stick around some reasonable period of time to complete some well defined tasks, try to accommodate. To whatever extent you can minimize reasons to feel bitter and maximize reasons to be proud of your career accomplishments and the company where you chose to work, the more your retirement will be enhanced.
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
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10-27-2020, 11:17 AM
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#26
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Dryer sheet wannabe
Join Date: Sep 2020
Location: Tallahassee
Posts: 20
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I would go look at the employee handbook and give them exactly what is stated. if it is 6 weeks then 6 weeks. If 2 weeks then 2 weeks.
Retirement letter should be 2 sentences - "Please accept this as notice of my retirement effective xxx per paragraph y in the employee handbook. If you have any questions or need additional info please contact me."
Attach any forms that need to be completed with the letter if there are any spelled out in the handbook. HR will probably have others later.
In a former company (fortune 100) I worked for someone gave 2 weeks notice as opposed to 30 days and they said he resigned as opposed to retired causing a failure to get paid for either sick leave or a bonus (I can not remember which one). The person sued and lost. There were steps spelled out in the handbook that if followed made the company happy. The company lawyers would not let people deviate from the handbook on either side. I saw in the same company a person do the retirement thing and his boss wanted him gone that day and the lawyers told the boss he could be sent home but would be on the payroll until his retirement date. They followed the handbook to the letter.
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10-27-2020, 11:21 AM
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#27
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: NW Pennsylvania
Posts: 1,820
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My Director-level boss (2 levels above me) was a longtime co-worker/boss who I had worked directly for/with for almost 20 years. We were at a dinner event about 2 years before I retired when he asked me what my retirement plans were. I had been pondering it verbally with some of my co-workers and even my direct boss at the time, but had not decided anything yet. Obviously, one of them (likely my direct boss) told him it was on my mind. I openly told him that I had not made up my mind and didn't have a specific target date in mind -- probably 2-5 years or so. I was probably 54 at the time. He told me that one of his peers had given one year notice. I laughed and told him that he should not expect that from me. He seemed kind of taken aback by that, but I didn't care.
Once I made up my mind, I settled on 6 weeks notice. This allowed me to review ACA insurance options on November 1 and then make December 14 my last day so that I didn't have to needlessly work through the Christmas holidays. My formal resignation was done via email that was only about 2 sentences long. Maybe 1.
My Director was still happy for me and gave me no grief about only giving 6 weeks notice. I only walked away with due salary and about 2 weeks of accrued vacation time. They didn't even get me a watch after 19+ years with the company. My immediate co-workers gathered up $250 and gave me a gift card, which was nice.
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10-27-2020, 11:45 AM
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#28
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2009
Posts: 6,695
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As I wrote in Aerides's linked thread, I gave a month's notice, which translated into 9 days because I was working only 2 days a week. It was just enough time to get my main project done. My resignation letter was brief. I had a blob of unused vacation time I wasn't even aware that I had, so it was nice getting another check with my final paycheck a week after I left. They gave me a stack of forms to send to our 401k admin so I could get the money out of there. My instructions were complicated but they followed them all to the letter, and my ER began well.
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.
"I want my money working for me instead of me working for my money!"
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10-27-2020, 12:44 PM
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#29
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Full time employment: Posting here.
Join Date: Jul 2020
Posts: 572
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Being the cautious type, I would make sure I took all my PTO before giving notice.
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10-27-2020, 01:15 PM
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#30
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,372
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Quote:
Originally Posted by retire-early
Being the cautious type, I would make sure I took all my PTO before giving notice.
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You didn't want to ask the boss or HR... when I retire does any unused PTO get included in my final payheck?
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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10-27-2020, 01:24 PM
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#31
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Full time employment: Posting here.
Join Date: Jul 2020
Posts: 572
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I am slightly envious of people who go through the formal retirement process. It is one of the experiences I will never have.
The longest time I stayed with an employer was 5.5 years.
I last worked as true W-2 employee in 2013.
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11-10-2020, 03:53 PM
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#32
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Thinks s/he gets paid by the post
Join Date: Sep 2007
Posts: 1,214
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What is this "loyalty" idea? Your employment is a business relationship. The company treats it as a business relationship and so should you. You do a job for them and they pay you money. The minute they decide that they don't need whatever you are doing, they will tell you your services are no longer required.
I've been through a number of situation where somebody got on the PA system and said, "Everybody in the XYZ group, please come to the Large Conference Room immediately." Although one time it was "Everybody except the XYZ group, come to the cafeteria immediately."
And except perhaps for your immediate boss, nobody in the upper levels of the company even knows who you are, so where would any "loyalty" come from?
Two weeks is standard notice. No reason to give any more. As others have said, prepared to be walked out the door as soon as you give notice.
Oh, and they have to pay you for any accumulated vacation time.
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11-10-2020, 04:05 PM
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#33
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Full time employment: Posting here.
Join Date: Feb 2018
Posts: 557
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It depends. Look around and see how people are treated when they give notice.
At some companies, the day they give their notice, they are walked out the door.
Are they considering layoffs and knowing you are going to leave save someone's job - or conversely, mean that you will miss out on a separation package?
If you give notice too far in advance saying you would stay until they can get someone else in, you may find that they will not even advertise the job until shortly before you were going to leave.
Are there other people at the company who do same/similar work and can step in quickly to continue the job? Or should you start identifying potential people at the company to take your job and start training them with some of the unique things you do so they will be more competitive for your position.
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11-10-2020, 04:28 PM
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#34
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Recycles dryer sheets
Join Date: Feb 2015
Location: Jacksonville
Posts: 61
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If anyone needs a reminder about how little employees are valued, go to CNBC.com and read the AT&T CEO’s letter to the Time Warner employees. It is a bunch of management speak about improving the customer experience and how valued the staff is. Yeah right- I’m canning a bunch of you so the big shareholders will get off my back and my huge compensation package won’t get reduced by the board. So a few thousand of you are being dropped, it is ok, you’ll look back on us fondly one day. What a horse’s @ss!
All of us should leave when we want, on our terms. There is no loyalty from most companies anymore. Don’t fool yourselves.
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11-10-2020, 04:43 PM
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#35
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Thinks s/he gets paid by the post
Join Date: May 2014
Posts: 1,867
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When to Give Notice
A couple weeks ago I read in linked in article how a young lady said they can’t lay me off-“what about my hopes and aspirations..” I thought to myself your kidding right? She wasn’t, many don’t get it.
There were rumors, there often are before a layoff. I was maybe 30, many of my friends and colleagues were 50ish. A group of them happened to be standing together, gossiping - I teased them the company likes when you stand together - it’s saves ammunition. A dumb harmless comment right? a couple days later. They were forced out. It was awful.
Bob was young for a guy with 30 plus years with the firm. That resulted in a 22% reduction in pension. At his retirement lunch his wife told me he missed 2 days work in all those because he was on an accident. He tried to get on the bus to work but could not lift his banged up leg high enough.
I was maybe 40 when they walked my buddy Ken out -nearly 40 years with the firm, like his dad before him ...Ken cried.
I saw the same thing so many times over the years Loyalty? no, I think in terms of killer employable skill set. Everyone should.
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11-10-2020, 04:48 PM
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#36
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Dryer sheet aficionado
Join Date: Aug 2020
Location: Phoenix
Posts: 39
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I gave my company a long notice. They did nothing to prepare.
My leaving was delayed (my decision) due to COVID. They still did nothing to prepare.
The only thing HR cared about was my employee number. They sent me a check for my accrued vacation time.
Give them 1 week, 2 at most. That would have worked better for me.
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11-10-2020, 05:37 PM
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#37
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Full time employment: Posting here.
Join Date: May 2014
Location: Lakewood
Posts: 920
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OP, do you live in a state where the employer is required to honor/pay the balance of unused vacation? I do not, so I would not consider giving notice unless I had negligible vacation hours accrued (my megacorps measures vacation in tenths of hours).
I agree with others that loyalty is cheap and not an overly useful concept in the modern business world. However, there is also a thing to be said about cultural practices. It seems to me the practice of giving 2 weeks notice before quitting is a good one, just as MegaCorps offering severance after termination is also a good practice.
__________________
Why be normal when you can be yourself?
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11-10-2020, 06:28 PM
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#38
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2016
Posts: 8,968
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Loyalty is a concept that only applies to smaller companies, say under 100 people. I've given it and I've received it.
Big Companies don't care if you live or die.
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11-10-2020, 06:58 PM
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#39
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Full time employment: Posting here.
Join Date: Jun 2018
Posts: 929
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In todays world I would never be shocked for a 2 week well intended notice (or longer, fir that matter) to be met with a "clear out your office immediately." Always be ready for that
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11-10-2020, 07:01 PM
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#40
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Thinks s/he gets paid by the post
Join Date: Jul 2007
Posts: 2,487
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I was a “named” executive, on assignment for them in Japan with no apparent successor, especially one who spoke English, so I felt it important to give long enough notice for a replacement to be found, mentored, and educated. So I gave three years’ notice. My boss was the global CEO, and he begged me to stay for four years instead of three, and in exchange for that, I’d receive a nice shiny pair of golden handcuffs that would be removed and given to me when I finished my four years. (I was good at what I did, and had the best performing country units under my leadership during the Great Recession, seeing profits go up instead of down, and, I spoke Japanese). But, I knew that I was going to want to go home around the time my kids were graduating college. So anyway, I found a couple of replacement candidates and mentored them, plus got them familiar with people and processes in the global organization, and left after my four years. But, as you’ve been well advised, how much time you give depends very much on what you do, how easy you will be to replace, whether you are a named exec or key person, or if you think it will be easy to raise up a successor. Further, it will also depend on if your company is one that, once you mention retiring or leaving, will send security to immediately escort you out.
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Find Joy in the Journey...
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