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Bold leap into retirement
Comments
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I'm 32 years with my employer. I've been loyal and they've been loyal to me. I've been paid well and they've certainly had good returns for their investment in me. I'm appreciative of the life of employment I've had but you can look at that from both sides.
However, I am under no illusion that if my number was up I'd get my 99 weeks pay and be released. I'm under no illusion that a successful multi-billion £ firm will continue whether I gave 12 months or 12 minutes notice! In fact, I have the business case to demonstrate it is irrelevant whether I am there or not, although I have enabled that via the work I have done. The alternative is that I hand in my contractual notice, seems fair.
I appreciate the view regarding small employers, where relationships can be very different, or in your particular cohort.
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You won’t be dumping anyone in the mire. People leaving and joining is completely normal. In our team new people join with pretty much no introduction then people disappear with little said. Such is corporate life these days. Of course it’s all remote through teams which removes all emotions.
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Perhaps the older guy only left because of how the younger one going impacted him and his workload?
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I am somewhere in the middle too. My line manager has been aware for some time that I am moving in this direction and I told her just before Christmas that I was probably going to make the decision soon. Part of my reason for stopping is that my DB pension scheme (SAUL) doesn't have a flexible option at all. I can't take any of it until I hand my notice in. I don't want to find that something happens to me suddenly and I never benefit from all the money paid in over many years! If I had the flexibility option, I would probably continue a little longer.
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not overly stressful and well paid at 56 is precisely where I was. The numbers worked so off I went, not regretting it
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Sometimes it’s not your personal interest to be the last man standing. At the wife’s place people get made redundant instantly, remaining staff left to pick up with no hand over/training and no adjustments to remuneration. No thanks.
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Maybe he thought the writing was on the wall so decided to go on his terms rather than be pushed.
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Kinda where we are too but funding daughter through uni so no debt for another couple of years. Scotland, but still property, utilities etc however she pays for her food mostly. So.. the two year countdown clock is ticking but might roll it on a little after pensions kicked off just for a little long haul goodness.
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I suspect if notice was served three months garden leave would be swift. Seems to the billion dollar way now.
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Nothing could be further than the truth. All my staff were treated like friends and there was full disclosure and understanding of the business. It was simply the fact that we had plenty of work in that department for one draughtsman, just not enough for two.
When the second guy gave his notice and we had a chat about it, he was very embarrassed and admitted he could have given earlier notice and wasn't really sure why he hadn't. He simply didn't appreciate the upheaval to the business and was very apologetic.
I understand the reasons why one might give minimal notice when the employer is a large corporate company, but when it's a small family run friendly business, a bit more consideration would help. There have been various periods over the years when many of my staff earned more than me (and with little real responsibility/risk), simply because I felt obliged to take minimum drawings to keep the business afloat and I always felt a deep sense of loyalty and responsibility to my staff. I just hoped that might be reciprocated.
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