Unfortunately the job market is so bad that I want to hold onto my ford paycheck as long as I can.
I got 2/7 inconsistent rating ( the rest were meets) in mid year; I’m wondering if I am going to get sc--wed or not and it keeps me up at night
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People worry because they don't have a PLAN. Make one and spend your time executing it. You won't have time to worry.
Your 1st mistake was if you did anything (or didn't) to get on one. Your 2nd mistake is worrying about it like there's something to be done if it happens. Should it happen, the fact that it happened at all will tell you everything you need to know.
Do some work instead of spending your days telling strangers that you su-k at your job hoping they tell you it will be all right.
Whoever said cut spending. You're dead on! Cut all discretionary spending. Cut back in all areas (streaming subs, etc). Cook low cost meals at home. Save. Save. Save.
That way when you lose that paycheck you're in a better position to ride it out.
Goal: 9-12 month of expenses in the bank.
tldr; Cut spending.
You should all be moving your careers into the skilled trades.
Once our real President returns to office he is going to make it much more difficult for people to get student loans. College will be something for wealthy. And the wealthy don't have to work in the trades.
Now is the time to get into the trades as the older generation is retiring or dying off.
It's very hard work. But you'll feel a sense of pride at the end of each day.
The money is just alright for most of us. But some choice few make boatload. And if you have the time and know-how, you can become an independent business owner and maybe earn some big bucks.
“Live way below your means and bank the rest in anticipation of not always being here.”
I did this for the entire time I was at Ford. I saved and invested about half of my income.
When I was canned, it sůcked because I wanted to keep working another 10 years, but on paper, I’m technically a multimillionaire, so… the sůck was less.
I don’t think I’d agree to go on a pip for 6 weeks of pay or whatever it is. Yes, the job market su-ks and ford pays well; but there’s more to life than money. Live way below your means and bank the rest in anticipation of not always being here. It su-ks but that’s life!
Farley and Bill have obviously been on PIP for years now and they aren't going anywhere. Relax.
@OP. I got really concerned in 2019, when the company let go talented and hardworking employees to save on pension costs. Until then, the company only laid off the employees at the bottom. Since I always have a good performance, I was never worried with the layoffs.
Well, that changed in 2019, as I said. I was searching for a new job, almost getting one in 2020, when Covid-19 hit. So I stayed put. Too much unstability in the job market and the economy to leave my job of years. So I did the only thing I could do: save money. I built a nice rain check fund on top of the existing one. Since then, I have kept at it, just at a slower pace. I can be without a job for a couple of years, and still paying all the bills with the saved money. That gave me peace of mind.
I'd recommend everyone to live below their means, and built a nice emergency fund. No matter what company is employing you. It helps with the stress.
So no matter if you haven't done that yet, your first step is taking a look at your finances, your expenses, and adjust accordingly. Let's say you get six more months of salary out of Ford. Make it count.
You cannot control your employment at Ford (unless you quit), so fretting for something you cannot control is silly, and definitively not healthy. But you can control your expenses, and your savings. So start working on those.