Voluntary Redundancy

Lost_Prophet

Morning All,

I'm posting this mainly to get input from people in a similar position or who may strongly advise for and against it in the current climate

I work for a company who has recently offered voluntary redundancies which is generally an ongoing thing. It is merely a cost cutting exercise and as I am a high performer and continuously bringing in revenue I am not at risk (basically, I am not an overhead as such)

Anyway, I'm starting to not enjoy my particular role (not job) and have indicated this on numerous occasions to resource managers and my manager in which they noted they can't guarantee other type of work would come up but will consider it. I like working for my company though, just not the role I have at the moment

I've being in the industry for around 6 years and am currently well into a Masters of Business Administration degree (part-time). I am put of off joining an SMB (not sure why) but do know clearly the roles I want to accelerate my career (Product Management, Operations Management or Strategic Management is my next port of call). I also have my own business in the start-up stage but am unsure of its likely success

I have regular financial commitments (including a house and car) but no children. Having added the redundancy payment and lack of ongoing salary to my financial forecast, I have calculated that I can live without pay until January 2014 on what I spend at the moment

What are peoples thoughts?

Cheers
LP

Linton

My suggestion would be to not consider redundancy, but to simply look for another job whilst continuing to get the income from your current one. You dont want to be in the position of having to accept a poor job because you havent found a good one by Jan 2014. Your employer is under no obligation to accept an application for voluntary redundancy and may well not do so in the case of a high performing employee.

gibson123

having done an MBA part-time whilst working, I would say your feelings are not uncommon. The MBA is at times frustrating, eye-opening and certainly makes you think differently to the extent you start seeing a lot of flaws in your current post, which is why so many people change jobs following achievement of the MBA. My advice don't do anything for the moment, if you are nearing the end of your course you are approaching quite a stressful time, you don't need a big change as well. Give yourself a few months following graduation to either settle down again or re-assess your career. Good luck with your dissertation

Lost_Prophet

Thanks both, really valuable advice

Especially on Linton's point, I have been doing this anyway but thus far am finding that employers look for MBA's in their final year which I am not (Year 1 of 3)

So Gibson, you are indeed 100% but is it a case of looking for perfection based the enjoyable, sometimes fictious analysis of companies and markets etc? I thoroughly enjoyed the Managerial Finance and Economics modules, however do sometimes think that roles which cover the same kind of analysis simply do not exist (I am hopefully wrong)

Out of interest, what did you do before the MBA and then after as you give an indication that you may of moved on to something different?