Bit of advice please

Pistolpov

Our company is going through a downsize and have informed us that are reducing the site by 40%

Now the job i am doing is NOT going to be made redundant.....

BUT can i apply for voluntary redundancy (I fancy a change and in the process off starting my own company up)

Will it look bad?

dave4545454

no it won't look bad at all, they'll be others applying for voluntary redundancy too and it is their total right to do so.

go for it and good luck with your new company, sounds a lot better than working for someone else

Pistolpov

The only thing is my job is specific...

I work in accounts so dont know whether anyone else can do my job within the company.

My company might think i am not taking the company business needs into account?

I am worrying myself sick over this, its a opportunity i would like to take but i am not a person who likes upsetting the apple cart.

And end of the day I am lucky to be in the position were my job role is not in danger especially in todays world?

dave4545454

you already said you fancy a change and want to start your own company so you can't be 100% happy doing the job you are now. you only get one life so take every opportunity you get. you don't want to look back on your life and feel you could have done so many others things instead of being stuck doing one job.

don't worry yourself sick over it, the company will find someone else to replace you even if they have to train that person as they will have to for others who will want to take voluntary redundancy. it's not your problem, you're not breaking any rules, you're not doing anything wrong, you're doing what is best for you.

Pete111

dave4545454 wrote: »

you already said you fancy a change and want to start your own company so you can't be 100% happy doing the job you are now. you only get one life so take every opportunity you get. you don't want to look back on your life and feel you could have done so many others things instead of being stuck doing one job.

don't worry yourself sick over it, the company will find someone else to replace you even if they have to train that person as they will have to for others who will want to take voluntary redundancy. it's not your problem, you're not breaking any rules, you're not doing anything wrong, you're doing what is best for you.

+1

no harm in asking. If its a no then it's a no and you get on with it reassured you have a value to the company

Emmzi

do you know for a fact no one else has ever ever done accountancy? sometimes you can be surprised where people have come from, there may be someone studying at night school who would love your job!

just explain you'd like to apply, but understand if no one else has the skills. although you could also say you'd be willing to train someone up for say 3 months if it helps the company out?

getmore4less

I think you need to consider how much you would get is it worth hanging on for?.

Are they offereing any enhanced packages to make it worth while
How many years service do you have.

40% reduction is significant.
Is it enough to fix the problem.
Is it so big the company will stuggle to meet commitments.
how long will the place last even with this cutback.

Being in account you should have some idea of the cash flow and what problems there are there.

One down side with letting the company know you are interested hints that you may leave anyway so the yjuct don't put you on the list and hope you will leave saving them some money allthough with 40% going one more/less probably makes little difference..

MrsFreeburn

Just be sure you are good to go with your new company - hit the ground running so to speak. Work out a plan - by the time (if you do go voluntary) - will the redundancy pay, divided by the time you require to set the company up enough for you?

Sure, people can say "you only have 1 life", but if your putting your personal finances at risk, you have the potential to end up with sweet f.a.

You have a secure job, great. You have an idea to set up a company, great. If the above plan I mentioned doesn't look feasible on redundancy pay, keep with current job and spare time spend building new business up that way - then leave. Just a suggestion from someone who has been there, done that and got the t-shirt!

Good luck!

weths

Generally if you havent been put on notice of redundancy then you wont have even been given the option of putting yourself forward. You could always suggest to the owners that you wish to put yourself for voluntary redundancy, but there is no requirement for them to accept that. Especially if your job isnt being considered anyway. I would look at your new potential career in great detail and ensure you have a sound business plan and contigency before embarking in such difficult times. Make sure you have support from a business support organisation who can offer you help should you need it. These generally have solicitors and advisers that you can discuss any issues with. Good luck!