Quote:
Originally Posted by firebug
Not a thread I ever wanted to bump, but here we are...
My firm will be closing their Calgary office at the end of the month.
They have provided me with three options:
1) Package
2) Change positions and work from home (from Corp Fi to Research)
3) Keep position but move to the Toronto office
I am mid 30's, been with the firm for 6 years (VP level since May 2008), and am married with three kids (7, 3 and 6 mos).
Option 1 is most appealing to me as the CEO and I get along well so they would (i hope) take reasonable care of me and provide a complimentary reference. That being said, being unemployed in this market is a risk so I would appreciate any advice on what types of things I should be looking for as part of a package.
Is 1 mos severance per year of employment still pretty typical?
Will the fact I don't receive a salary but rather a draw on future revenues impact what the company will be obliged to compensate - or can I claim an amount based upon average earnings over the past 6 or 3 years?
Is it possible to have my benefits extended to the end of the year or do group plans prevent this?
Will the fact they provided a couple of alternate positions reduce the amount of type of severance they should provide?
Should I be consulting a lawyer rather than trying to cop free advice on the internet?
Thanks in advance for any insight.
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I'd move to Toronto. I like change though. I recognize you have 3 little kids, but they're all pretty young and should adapt quickly. Your company clearly wants to keep you, and your networking capabilities would easily double.
The best career advice I ever received was to not be afraid to move to a different city. I used to think Calgary was the only place for me. And don't get me wrong, Calgary is great. But there are a lot of awesome cities out there.