Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 4
In the professional cost reductions (ie layoffs) I have seen it is common to circulate a list of employees sorted by salary among managers.

That's a concern I have for myself; I have longevity with my company and I know I'm quite near the top of my pay band. Covid caused us all to work from home, and during the last year, my local office shrank quite a lot--once we go back into the office, if we go, we'll only have about 5 people that ever come into the office at all. I'm the only local manager, but my boss has said I'm free to continue to work at home as much as I want, since no one who reports to me is actually here, they're in other cities. The good thing is I can manage my team from anywhere, and the other good thing is that I'm really good at my job, but the bad thing is: anyone can do my job from anywhere, and the company could probably pay them a good bit less money.

Right now (I'm 56) I'm struggling a little bit to figure out if I should just retire or if I'm in the "last gasp" of my career. There are things professionally I'd like to achieve, I suppose, but I'm also realistic they're unlikely to happen where I'm at. And changing companies just seems like an unnecessary hassle. I recently approached my boss about a job that was posted internally that would have been as significant promotion for me--I thought, "what the hell, make another run at the corner office," but he very politely shut me down, assuring me I was free to apply but "be careful about wasting everyone's time." So I didn't apply, and the post was pulled a day later, indicating they'd already identified someone for the position before they even posted it (they commonly do this where I work...). So in that respect, I was glad I didn't waste MY time.

I'm one of those weirdos who probably puts too much of my self-identification in my job--maybe--but I've also been thinking about jumping ship and planning my retirement as long as I can remember. My long-term long-distance boyfriend, who is quite a bit older than I am, just bought a condo in my city, so I suspect with him being close I'll be thinking more and more about retirement to spend more time hanging with him. Money-wise I'm OK... but another year or two would really firm up my $$ situation and allow me to do certain upgrades to my house before I pull the plug.

This is an interesting discussion, and 1poorguy, I think you and I really close to the same age. It's interesting seeing people I've "grown up with" on these boards, like 1poorguy and StockGoddess and others to be at a similar place in life. My old boss retired 2 years ago, and he was someone I worked with for years and ultimately we've become very close friends. I always saw him as "a company guy" and was a little surprised when he told me shortly before he retired it was only ever a job to him. I think for me it has been a job, but maybe a little more. It's been a social thing for me, for sure. However, it's also telling that since Covid started, two people I worked with and was close to, work-wise, were laid off, and two more retired. I thought we were pretty tight, something more than work friends, and yet we never reach out to each other now that they're gone.

I'd like to travel, and I have some projects I'd like to do, and my garden definitely needs attention, so I look forward to having time to do all that stuff. I don't think I'll be bored in retirement--I remember when my dad retired and we were all like "He's gonna be back at work in 6 months," but he never was. I may be like that myself.
Print the post  

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.