In these economic times leaving a job could be a grave mistake. Sometimes though it could make a whole lot of sense.
This is our last Fiscal Year where our contract is valid, and the first time ever the customer is bidding it out. There have been problems with the head honcho here and the customer satisfaction. It really does look like we may be out of here and we aren't hearing a thing about it.
I decided not to actively look but to wait it out and save money just in case (this is what is funding my emergency fund). I also decided after doing the simulator on paying some old stuff off to up my credit score not to do that for now and just work on my emergency fund.
The reasons for this are simple, the job market especially in Michigan is pretty scary and it isn't likely I'll find a decent job. I make better money here than I would someplace (really anyplace else at the moment) I can ride it out here and hope the economy is better in a year to find a job or my emergency fund can float me while getting unemployment to finish school like I wanted when I got laid off a while back.
Don't get me wrong I have my feelers out, I'm working on something to earn extra income, and I'm updating my resume. I'm being proactive but not jumping the gun quite yet. Who knows we could win the bid if I left I could have left a decent paying job (for what I do) for a crap paying job because I was in a panic about something that hasn't happened yet.
WWYD?
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I think it's great that you're not in panic mode, but are getting yourself prepared by having plans in place and updating your resume...just in case. I just got a new job myself and although it's actually 15 fewer hours bi-weekly, it's less stressful, allows me to pay what I need to pay and gives me more time for studies, as well. Besides, it just means that during the summer I can perhaps pick up a few extra hours at my second job.
ReplyDeleteWhatever happens, good luck! I think your proactive planning is going to really pay off for you!
Ha! I didn't know you were a fellow Michigander. Yes, our economy is dire. I think you are on the right track - that's what I'd do, put aside as much cash as I could for awhile. I also think your choice to update your resume is smart. Having it at hand certainly can't hurt and can only help a ton.
ReplyDeleteYep fellow Michigander I am!!
ReplyDeleteThanks for the luck and the encouragement its good to know others in the PF blogosphere think I'm on the right track.