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So, this morning while checking stuff I uncovered a doc which outlines the boss' plan to retire. Given that the boss has a history of putting plans in motion well before he tells the troops, I have no reason to believe that what I've found isn't legit. I can't approach him directly coz he's crap and will clam up and then fob me off.
In a nutshell, I reckon we've all got about a year left in our current roles.
If I could jump ship now I'd estimate about a 50% loss of my income which would put the house at risk.
Apart from 'not panic' what would you do next?
Apart from 'not panic' what would you do next?
Panic.
Can't you take his job?
If they retire why have you got no job?
Would you get a pay-off? Worth waiting for that?
Why does your boss retiring put you out of a job?
Is it the boss's company? If so (and I can't see why him retiring would be an issue otherwise), surely he's not planning to close the company unless there's really no value in it other than what he provides...
Anyway, you've got a year, use that time to find a better job than you'll find if you panic and jump immediately.
Wait for pay off
so you are currently paid twice what you are worth?
sit back and enjoy the good times while they last.
You're doing a lot of second guessing by the sound of it. I think a slightly more calm, considered approach is needed. If you do only have a year then that's plenty of time to figure things out.
But I do think a conversation with your boss is on the cards and a stress on how life changing his decisions could be for you and others. It sounds like you have an informal sort of relationship with your boss?
If I could jump ship now I'd estimate about a 50% loss of my income which would put the house at risk.
I dont get it. Why could you not get another job which pays as well as your current one?
If the boss pulls the plug then the company would disappear. He's the bow and we're the strings. Neither can work without the other. The sum is greater than the parts.
And yes, I am on twice what others are on.....20 years experience blah blah blah because I'm worth it.
Management buyout.
Buy the company, keep him on hand as a 'consultant'.
My boss also the company owner told me to start looking after we had an on site fall out mid last year, said he was winding the company up etc as he couldn't sustain the losses anymore. Since then we sold a property at half a million picked up further work (a year ago) ive had a 10% pay rise and we're looking for land again. I'd say hang in there...
The boss is a boss in the loosest sense of the word. He owns the company and the building but that's as far as it goes. A conversation with him would be scary but probably required.
Job opportunities like this are once in a lifetime and our company is seen as the benchmark for how busy the industry is. We have so many strings to our bow but they all rely on everyone at the same time.
The boss has made his money and then some. He could retire tomorrow if he wanted. I don't want him to.
therealhoops, could you possibly buy out the business yourself. I know its a massive step but in reality if he can do it then so can you.
wors - MemberBuy the company, keep him on hand as a 'consultant'.
+1.
Show him the merits of keeping the company running, cutting back his hours into semi retirement, and still taking a fat cheque home at the end of the month for his consultancy fees. Eventually when you no longer need him, he can sit back and take a fat cheque for doing sweet FA.
What's the work? Where?
if you are worth it you should have no problem getting something else then....
Find a time to have a discussion with him about succession planning and exit strategies. He might think he's got a couple of options he hadn't previously considered.
soobalias - Memberso you are currently paid twice what you are worth?
sit back and enjoy the good times while they last.
Yarp.
IMHO if your boss decides just to jack it in and put his workforce out of work then he's an asshole. He should remember who has contibuted to putting him in this able to retire position.
It is irresponsible to not have some plan in place to at least offer your workforce some sort of option to continue.
'I'm off, thanks for making me fat and rich, you're all out of work - good luck with your mortgages/kids education/food on the table' = Asshole.
He's more likely to offer it for sale than just leave it & waste an opportunity of making some extra dosh for nothing, surely?
What are you doing reading the boss' confidential stuff?
Surely you could be dismissed on that basis.
Keep quiet. Smile at him. An thank him for over paying you.
Anything else and it's down the job center for retraining for you.
Not hard to [s]stalk you[/s] find out the company you work for Hoops...
What's stopping you from freelancing as a sound engineer if it comes to it?
Buy the company
+1
Knowledge is power and you know he wants out.
This
He's more likely to offer it for sale than just leave it & waste an opportunity of making some extra dosh for nothing, surely?
And yes, I am on twice what others are on.....20 years experience blah blah blah [b]because I'm worth it.[/b]
Obviously not if you would get paid Half to do the same job somewhere else ?
i) photocopier
ii) noticeboard
iii) Sit back and watch the shitstorm
Ahh I get it-- he's Heisenberg isn't he?
The Blue meth would never be the same without him
Wouldn't it be simpler just to steal all your bosses money and that way he couldn't afford to retire?
Join a gym run by a corrupt Notary. Kidnap your boss and torture him so he hands over the company to you. Make a botched attempt at killing him, preferably involving an ex-WWF as the hitman. Live happily ever after in riches beyond your wildest dreams...
Veedubba- Freelancing isn't an option [b]at the mo[/b] as I'd need a maahoosive amount of cash to buy the kit I'd need.
ps. I'm now following you on twit.
pps. loose the beard, you look like a geography teacher
I [i]am[/i] a geography teacher.
Thanks for the fashion tips. Here's a grammar/ spelling tip: "loose" is not the same as "lose".
Lighten up.
spilling ins't my strung pint 🙁
😆