What if you’re offered a job elsewhere between now and the acquisition completion date? Do you walk away from the severance / possible retention (AIP prorated bonus, retention bonus, stock) or realize in the long run your career is a marathon not a sprint and go with the sure thing? I’m sure many of us have started to shop around our resumes so it’s only a matter of time I suppose before some folks come across this issue...
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1fog Using your language, what the F--- do you know about working offshore or being an accountant? Don't throw stones, and put down on hard working individuals by broad basing your comments to an entire sector or job position. Years of experience in multiple industries will teach you that there are hard working and lazy employees in most all companies, public and private.
So you’re asking what a person should do if they don’t have the intelligence to make the best decision for themselves? Well intelligence is a lot like speed, you can’t coach it certainly not going to find it on a blog board.
I can tell you. If you work onshore, you're prob good as gold. Offshore, international be nervous. And remember your VP of each do NOT CARE ABOUT YOU EVEN IF HE/SHE puts on that face and talk like they do. It gives THEM SECURITY FOR THEM IF YOU FEEL SECURITY. A psychological game and you know this.......they meet every week to discuss a certain strategy to keep employees running the grunt work they can not handle because they do not know their dystenoy and they have too much money too lose so they need the peons to help them get their winnings in the end. All a money game...everyone and even you us for money, so why wouldn't upper be? They will walk away with 5 times your pkg!
Yes, the health Insurance companies will notice.
Take the new job but don't tell Anadarko. Will anyone notice?
If the environment at your current is stressful, morale is down, and as you drive in everyday with a frown and pit in stomach, then get out. It isnt worth the money and time to be sick. You'll never get an answer to your questions until it is publicized because even your boss and bosses boss whose boss DOESNT KNOW! Pay attention to what your gut is telling you because only YOU know what you should do. Not a message board!
Not sure how anyone can drive to 2601 Lake Robbins everyday...
Doesn't hurt to start interviewing. Worst case scenario, you still get the severance. If you have some savings and can afford to take your time finding another job, staying for the severance could be a good strategy. If you can't afford to ride it out a while, it's best to take a comparable offer. A bird in the hand and all that.
Not with 1-2 years of severance pay. I’d ride it out till the end. Especially with a strong economy. If, however, your job is specialized within an industry, this might be something to consider. If you’re an accountant however, you’re employable in every industry. You’re not limited to just oil and gas. Ride it out!
Every activity has redundancy or substitute as an option...so it is not limited to accountants or office personnel. Leave and you will see how long any company can survive without you. The answer is for quite a while.
Not sure what the f--- you do at apc if you aren’t working hard. Definitely must be offshore or some redundant position like an accountant.
If you find a comparable job, take it. And be prepared to work harder than you did at Anadarko.
This happened to me at a couple of places. One made me stay to the end and the other gave me the package even before closing, and let me go to my new employer. That was only after a VP was allowed to leave before closing. I would think most places want you to stay at least to closing so if the sale does not go through. If the money is that good I would stay, but if it is just a year of pay another job might be better in the long run. Be prepared to be looking for work between 6 to 9 months. There might be jobs out there, but it is very competitive for all jobs and some are tougher than others. Also, if you have a family the insurance will be important once it stops. I have also seen where employers will wait up to 3 months for the right candidate. It can’t hurt to start looking and get your name out there, and Oxy could offer a job as well.