32B's Blog

…where I write my words

My Employment Future

I am not sure if I wrote about this already but my company is owned by a once-married couple who are reaching retirement so they have placed the company up for sale.  I have been working here 3 months shy of 3 years.  During my interview, my manager told me the company was up for sell but that this did not weigh negatively on the stability of the company.  Apparently, an offer was made back then but the owners of my company didn’t like the amount offered so they declined and the sale fell through.  Now, 3 years later, I guess they are serious about selling.  There have been 2 meetings thus far with potential buyers (that I know of) but no news just yet.  We were told during our last company meeting that this sale process would take months so it will not be an immediate change.  However, we all discussed the pros and cons.  According to those older than I with experience as an employee whose company was sold, they had to re-interview for their positions along with external (and maybe internal) applicants.  But, knowing the learning curve that exists as far as mastering the different programs and know-how, we are told that the “meat” of the staff will be safe.  I am definitely not the “meat” since there are folks with more knowledge than I.  A pro would be the prospects of a bigger company absorbing this little family owned one and keeping us on or offering us lateral positions at best within their current establishment which opens up more opportunities as well as tuition reimbursement (for me).  The problem with this is that I have not seen any bigger companies vying to buy this little company (that I know of).  All I have seen thus far are independent venture capitalists interested in a new investment.

I am actually nervous about my future but, at the same time, not nervous.  Nervous because I just got serious about my personal finances so I have yet to save a 6 month nest egg as I should.  I have most of my tax money (about 80%), most of my bonus money from work (about 80%) and I just transferred $500 from my recent paycheck into savings so I have something although not what I should.  I am thinking that if I put aside $500 every month (along with my current savings balance) I will reach my goal 6 months from now BUT that will only happen if I’m carefull about how I spend the remaining balance of my paycheck.  Can’t put $500 into savings every month but have to dip into it because I overspent or forgot about a check I wrote so my checking acct is about to go negative AND my student loan pymts begin (again) this Sept so I wanna have my savings squared away by then.  I’m not nervous because whether I have this job for another 2 months or 2 years, I see it as a chance to do something else.  Pursue other career paths.  Change is good when you’re prepared.  Obviously, this was the idea of many but not everyone has been successful at it….trust me, I have read & heard the stories.  So, that is why I am working overtime to get my savings intact, keep all bills low, and not spend on anything silly because I just don’t know.  My friends have been unemployed for at least a year now, companies are laying off, and people are losing jobs as cities/state try to save their budgets so there is no fail-proof method here.

Mr. D called me to tell me about a conversation involving his District Manager mentioning cancelling his “contract”.  I am not sure (and neither is he) what “contract” means.  It could a) Mr. D’s job entirely which would suck big time but he has excellent sales skills (seems to be the only field hiring) & will sit for his State Board certification exam next week to get licensed in something related to Real Estate or b) Mr. D’s company which is hired by his employer which means the 3-6 guys that work for Mr. D will be laid off and his company left with no business.  Obviously, he’d prefer “b” as opposed to “a” but he is still not sure which one it will be.  In the meantime, I am preparing as much as I can using all tools to educate myself and learning from everyone’s mistakes who are willing to tell their story.  Mr. D is freaking out a little bit because that’s what he does…..he freaks out about anything uncertain (look who’s talking).  We are both working on our finances, we are both at the same level as far as FICO scores although I have student loans which amount to the asking price of a house and he does not since he didn’t go to college.  We know about each others’ finances, our past financial mistakes, we share credit scores, ways we are each working on rebuilding, and all other stuff.  No point waiting for surprises and we all know your annual income does not matter….it’s what you do with that money that counts.  You can become a millionaire making $30K/year while someone making $100K is struggling to make ends meet.

And that is the end of my post.  I have placed my resume out there on job search engines with a semi-private setting just in case.  I am thinking about other career options.  I am considering going back to school (if my employer will cover expenses).  And looking for opportunities outside of Chicago.  It’s always good to have several plans for every letter of the alphabet and have a nice savings to cushion the blow if it does happen.  I am praying for a 2 year (at least) time frame which will give me 5 years on-the-job experience in all the random stuff I’ve been doing here but I am planning for the 2 months scenario as well.  Sidenote: we have a date night this Saturday so I volunteered to cook so we can stay in (and save money).  I am putting together a salad (not sure what kind yet but I had an awesome cranberry salad recently), making homemade spinach & chicken pizza, and have strawberries (or shortcakes) for dessert.  I even bought wine although I can’t find his fav so he’ll drink what I have.  I’m not sure if that’s enough food because I know how I eat so maybe I should tweak it or add something else to it.  I don’t know.  My girls said that sounds nice (lol because it’s a girly menu) and I know cooking a pizza isn’t actually cooking an entire meal but….baby steps lol I’ll get to the meats and potatoes later if he survives **evil laugh**.


March 17, 2010 - Posted by | Life | , , , , , , , , , , ,

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