I am baffled by the people who stay here just for severance pay. A colleague recently turned down a decent job at another company just because he was waiting for a package here. I mean, it’s somewhat understandable because I wouldn’t want to miss it either, but what makes you so sure you’ll end up getting severance pay?
Even if it is completely guaranteed, it is much easier to find a new job while you still have a job, and severance pay here is not worth the risk of waiting for a new job opportunity to come up.
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Many people lost their severance when SHLD filled for bankruptcy. You think when Transformco folds it will be any different?
a good employee making 6 figures is going to make more in a thriving company moving on. Don't hold out for severance on a small salary. Get to work elsewhere
Severalce can be discontinued at any moment.
And when the company folds, that severence will go away too...
When I got my severance last year during the furlough I was quite surprised that they gave me over 10 weeks. Last batch before me they only got 10 weeks max. I was lucky.
If someone is making a six figures income and has over ten years of working there it could be a good sum of money. Got layoff during this time is additional $300 more a week from the unemployment. That's a good income for not working. In the end, it is an individual's decision. For me it was a good decision to stick around to get that severance since I knew they would have cut me loose any day. With the money I got from both sources I can finish my own project that I wanted to do for a long time.
OP why are YOU still “here” ?!?
Career advancement opportunities?
During the pandemic not all full time Sears employees got severance. A friend of mine who worked at Sears didn't get one.
I agree 100%. I've seen the same thing happen. People delaying their future for a few dollars from an unstable and dying company. Unless there are unique circumstances it makes no sense at all.
He works at sears. What does that tell you about his intelligence?