I believe my job is becoming a victim of this "economic downfall." What should I do?
-
First off, I'm a 2nd assistant manager at F.Y.E. (for your entertainment). Less then a week ago we had gotten and e-mail from our home office CEO letting us know that in the past 6 months things have been pretty crappy. We were informed that due to this economic crisis there will be no pay raises during the whole year of 2009 and no 401k for those getting it. I wasn't too concerned by the situation because the pay is **** there anyway and I have to stick it out because I'm just not getting calls for interviews elsewhere. Also, I was not concerned because come June the senior assistant is moving out of state and for the past 3 months both my store manager and the sr. assistant have been telling me they are going to slowly teach me things related to taking on the sr. assistant job. Well, today my boss brought up that he wanted me to sit in for an upcoming interview or two just to see how the process is done. Now, at this point I'm assuming this is due to an observation they want me to participate in so I can see how the job is done. BUT... my manager at one point or another was rambling on about some senseless things about the store and one line that caught me was "... so we can find someone to take TJ's place" who is the sr assistant. Now I'm thinking to myself WTF... am I or am I not getting this promotion? Nothing is set in stone. So I was not worried about this "no pay raises" because in a promotion type deal, I am guaranteed to move on to hourly and obviously make a bit more. NOW I'm flipping out because I don't know whats going. Our lease is up for our store this coming October. I've already closed one with the company back in Jan. of 08 and moved to the next store. I was fortunate enough to nail a transfer to the one I am now at. But now I'm having doubts if our lease will even be renewed or the store relocated because we are actually losing money at that store. Huge store and not enough sales. Our rent is way too high. Our company is shrinking. They let 25 people go at the home office and another 700 and some through out. So obviously there is something here to maybe be worried about but at this point I'm just not sure what to think/do?
-
Answer:
I lost my apartment and had to move far away from my job. This was in December. I have been looking for work since then, and no call backs! fortunantly I got a shift or two here nd there with an old company, but I have to agree with the third guy, keep your job. You can hand out your resume and maybe you'll get a call back. But even if you do, look at the business first and think about how stable theya re. Are they cutting back too? (you gotta cover your butt!) Ask your manager about the lease issue. I worked at one corporate retail chain for a very long time and got to see how it works (I was close with my boss) corporate tells you everything is fine up until the last week. They do that sometimes, to keep you from quitting before they close. (they wouldnt have any employees for their final days). Collect unemployment if they fire you. Its not a lot, but it is somthing. Somthing is better than nothing right. As to what to think/do? Stay calm, deep breaths, get some sleep, you probablly have to work tomorrow. One day at a time....
Neon_Col... at Yahoo! Answers Visit the source
Other answers
sounds to me like you aren't happy there anyway... this could be a blessing in disquise.
happinomad
you might see this as entirely too radical, but in case you haven't noticed, the whole of the world is in great need of radical change. and by radical i mean a complete sea-change in the way we see things. the fact of the matter is that our monetary system is based on a Fractional Reserve blueprint where basically only 3% of the money in circulation ACTUALLY exists. the system in use basically permits the banks to create money out of thin air. which in turn corrupts the entire idea of a sustainable economy. it's doomed to fail. we're watching it happen. if i were YOU, i would just keep working there. then, when you lose your job, perhaps you can consider getting off the grid and saying that your faith in money is lost. time to start thinking about how to make our grandkids safe. watch zeitgeist. then watch zeitgeist addendum. they're available on the internet. then tell other people to do the same. eventually, we'll have a very large foundation of people that are educated enough to stand up for ourselves.
Zevokes
Keep your job untill the end, then collect your unemployment. You could take a low paying job or wait until this economy comes back, and it will. We just have to invest here in the US and not be so quick to squander our money overseas untill our own ship is in order. As a business owner myself I have a different take on all of it. I was a young man when the Carter administration turned the economy on it's ear. There were two major problems at the time, unusually high energy prices which rose quickly, to quick for the economy to pass the expense of it along to the consumer before it cut deeply into the bottom line. Second problem was, as the high fuel prices eventually began to be added to the cost of goods, inflation soared. Add to that high interest rates, mortgage rates of nearly 22 % on a three year baloon. I guess the banks wanted to make money during a time of economic strife. Back then however, you had to have at least 20% down in order to buy a home. The relaxing of this very requirement led to much of the problems we are experiencing. Further, when fuel prices at the pump rose quickly again it removed much of the extra spending money people used for eating out, recreational activities, buying electronics, furniture, and on and on. My business territory covers a 200 mile radius and believe me I lost my rear end due to high fuel costs which were impossible to pass along to my customers, as they were fighting the same high costs of deliveries and costs of goods rising, In turn, their customers were being stifled. Also, the number of customers that didn't pay their bill rose. It's bad. The gold standard has been out for quite a while. There has been many years of money being printed out of thin air. Despite what anyone believes devalues the dollar, inflation in my experience devalues the dollar. When fuel prices at the pump rose my dollar dropped considerably. Remember anything and everything is transported. Even my grocery bill jumped 50 % in two years. The farmers that plow the fields, the loggers that harvest the lumber, trains , planes, trucks, the hardgoods made from petroleum. Even when minimum wage is raised it's inflationary because it gets passed along to the consumer. Corporations moving plants off shore and over the border. Greed on walstreet. Very complicated.
I DID NOT HAVE
Depending on your relationship with your manager, you could be blunt and just ask for the truth straight up. It is a common practice for management to say all is well right up to the end. (ie; the doors are locked in the morning) If you can't ask, prepare yourself with at least 6 months of savings to cover all living expenses, and par down from now until October. Losing operations are the first to go and the end of lease date will tell.
Robert P
Related Q & A:
- What can I do get a job in a restaurant?Best solution by Yahoo! Answers
- What is a bachelor of Science degree, and what can I do with such a degree?Best solution by Yahoo! Answers
- What are the job scopes in Canada for a civil engineer? Will I get the job easily?Best solution by ask.shiksha.com
- Thinking about job availability at a restaurant/retail job (part-time)...what time does the 2nd shifts start?Best solution by Yahoo! Answers
- What do I include in a resume when I've never had a job?Best solution by Yahoo! Answers
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.