I would. No hesitation.
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@qr congratulations!!
@rg And a home office in India will make it even better.
@m1 This is a company though that thinks we will double AUM by gutting home office and having record FA turnover. It's okay though, the LP offer in sept will make everything fine
I didn’t take the VSP last year, instead after 30 years with EDJ, the last 7 years in the home office, I retired two months ago and this is the happiest I’ve been. I am just now feeling less stress and anxiety.
If your firm thinks culture equals mandatory time in office with badge tracking, good luck.
They know it’s hard to find another job right now. Expect max pain. They want to extract as much out of you for as little compensation as possible. We are overhead costs, not owners (despite the peanuts they give us in LP) and not revenue producers. ELT is showing their true colors. How do they treat you when it’s an employers market? For me, I’ll stay until the job market improves, then I’m out. Trust has been broken. Loyalty gone. Only reason to stay is money and benefits.
For those who may not be aware, there were actually two VSP offers made to OP associates before the third offer was rolled out firmwide. The first VSP was handled pretty quietly. When the second VSP was offered, I declined it, only to later be impacted by an ISP. Because I qualified under the Rule of 70, I was offered the VSP again and ultimately accepted it. In reality, I didn't feel like I had much of a choice.
While the severance package looked good on paper and the gross amount was certainly decent, Uncle Sam took a significant portion of it. By the time tax season came around, I didn't get nearly as much back as many people might assume, so the final benefit wasn't quite as substantial as it appeared.
I eventually found another job, but it wasn't easy. I had to accept a position that I was clearly overqualified for and take a pay cut in the process. That said, I can honestly say I'm much happier now. Even my therapist noticed a positive change.
I still think about the relationships and friendships I built during my years at Jones, and I try to stay in touch with as many people as I can. Lately, I've been thinking about all of you.
My advice: collect your paycheck, do your work, and go home after those eight hours. Use your free time to prepare for the future and quietly job hunt if that's what feels right for you.
Wishing everyone the best of luck.
@f5, I didn't take the lucrative VSP awhile back. I went ahead and left the firm. I'm in a much better spot in my life.
No, it’s not worth it in this job market.
@a2 , if they do another VSP it won't be as lucrative as the 1st one.
Depends on the offer. 3 months? No. 6? Getting there. 9? Gone.
Don’t care if that’s not realistic. It’s what I want to leave now. It’s easy enough to play their games and skate by. plus the job market is bad.