I'm at a crossroad and don't quite know what to do

KiKi

mark88man wrote: »

3 years in you have earned some protection from redundancy but not much.

What protection? After one year, they have to follow formal redundancy procedures if your job is made redundant. After two years you qualify for redundancy pay. What happens after three years that offers any more protection than that?

KiKi

mark55man

KiKi wrote: »

What protection? After one year, they have to follow formal redundancy procedures if your job is made redundant. After two years you qualify for redundancy pay. What happens after three years that offers any more protection than that?

KiKi

i meant you might get a little nest egg when they chop you. i didn't mean anything else - as you say company's thrive upon loyalty but are really only loyal to themselves.

the best ones will tear themselves up a bit when redundacies are needed, but they will still do it

PS Sophie - I was being serious
(at least offering a viewpoint that my more ambitious colleagues would sympathise with)

KiKi

mark88man wrote: »

i meant you might get a little nest egg when they chop you. i didn't mean anything else - as you say company's thrive upon loyalty but are really only loyal to themselves.

They certainly are!

But I still don't get the three year thing...from a statutory perspective you'd only get one more week's pay (assuming her age, here) than the year before, hardly any different! Unless you know more about her contractual conditions than I do!

KiKi

x.sophie.x

I just want to say thank you to everyone who has replied to my thread. I'm finding it very valuable to listen to everyones views and experiences.

Kiki, I'm 28... so no extra statutory pay. A nest egg would be nice, but I'd rather plan on keeping a job (though I know it doesnt always work out like that)! I would hate to think that I'd make such an important decision, for it to all fall flat.

The recruitment agency have implied I can start financial negotiations. Anyone have any experience of this? I feel that I shouldn't name a price... as it may be too much or too little... or should I just do it?

x.sophie.x

mark88man wrote: »

I would make sure about the culture - if they are harder/incompatible you might not last long.

Hi Mark, any advice on how I could find out more about the culture?

KiKi

x.sophie.x wrote: »

Kiki, I'm 28... so no extra statutory pay.

I think you misunderstood. You get extra statutory pay for every year's service, so everyone's entitled to it regardless of age. But the reason I mentioned the age is because at some ages it's 0.5 weeks, or 1.5 weeks.

A nest egg would be nice, but I'd rather plan on keeping a job (though I know it doesnt always work out like that)! I would hate to think that I'd make such an important decision, for it to all fall flat.

Honestly, I have no idea what the three year / nest egg thing is about! Three weeks' salary is hardly a nest egg, unless you earn a small fortune! You don't usually get any nice little nest egg until you're made redundant after tens of years of service - even with a better-than-statutory package!

Best of luck with all your negotiations.
KiKi

DVardysShadow

x.sophie.x wrote: »

... The recruitment agency have implied I can start financial negotiations. Anyone have any experience of this? I feel that I shouldn't name a price... as it may be too much or too little... or should I just do it?

Of course you should name a price. You actually do have a price for this, because you are happy where you are and there will be an amount where you would move for £1 more but stay for £1 less. When you have worked out what that price is, you need to ask for more [on principle] because they will try and offer a bit less.

Oldernotwiser

x.sophie.x wrote: »

Hi Oldernotwiser,

I dont own currently, saving for a deposit - was looking to buy next year. If I moved, I think I'd rent again... just in case I hated it. I'd be able to afford rent for a (little bit) nicer place & still save a little. I think when you take in all financials, unless they offered me the higher bracket, I wouldnt be that better off... unless my boyfriend was able to secure a job at a salary similar or more than what hes on currently.

I was thinking more of the larger mortgage you'd be able to get with that much higher income - I thought it might move you from being not being able to buy to that being possible.