The other week, I left the office in the evening working for one company and the following morning, went into the same office working for another company.
The sale of the firm I worked for had finally gone through.
Things are the same….but different.
My colleagues are the same and my job (for now) is the same.
We’ve met some of New Co’s top people – already, I can see that they have a different work culture. Too soon to say whether it’s better or worse…it’s just different.
At the moment, I’m really busy with work – pre-company sale, I was involved in providing a lot of information for the buyer’s due diligence, so got massively behind on my day-to-day work. I’m now playing catch up, so days are blurring and flying by.
Keep on keeping on!
However, while I’ve been really busy, I have no idea what my boss is doing…. he is obviously fearful for his own job and for the first time I’ve ever known him, has become rather uncommunicative, displaying a ‘couldn’t care less’ attitude and shock-horror, has actually booked some days off work!
Interviews? Maybe, although it might be something to do with the fact that HR have imposed a strict policy on people not being able to carry over holidays into the next year, ie use them or lose them. This is the reason why I’ve been working 4-day weeks this month, which I’ve quite enjoyed!
That said, he’s been at the company for nearly as long as I have, he’s in his mid-50s and I can only really see him leaving if he gets a brilliant offer he can’t refuse.
I guess we will have more direction as the weeks go by but for now, things are just rather weird and a bit unsettling, hence I’ve just got my head down, keeping busy.
New Co Benefits
New Co is offering pretty much the same benefits that I used to enjoy with Old Co, ie private medical, life insurance, and option to purchase/sell holidays (up to a maximum of 5 days).
Sadly, it doesn’t offer a £360 ‘health rebate’ on my gym membership, but it does allow me to pay for my gym membership via salary sacrifice so it’s better than nothing I guess (I currently pay the gym direct for my membership).
The pension on offer is a defined contribution (DC) one which appears to be quite generous.
My contribution is going to be 7.7%
; New Co’s contribution will be 14%.
Seems like a good deal to me but I don’t know what’s standard/good/bad for DC pensions as I don’t know anyone who has one.
New Co’s contribution is age-related: under 45s get 10%, over 50s get 18%, over 55s will get 24%.
There’s also talk of a share purchase scheme but that won’t be available to us just yet, so I’ll have a look at that when I get a chance.
I have no idea how safe my job is so I face a rather uncertain future. What isn’t uncertain however is that tomorrow, I will be celebrating/commiserating 20 years working for the ‘same’ firm. My, how time has flown!
I would think that nothing will happen job-wise before the end of the year. It may take a while for New Co to work out how we fit into their structure (the Tories’ ‘Northern Powerhouse’ springs to mind) and what they want of us.
Until I know that there’s something to worry about, there’s nowt else to do except keep my nose to the grindstone, do a good job, get paid, enjoy life, stick to the plan and save/invest towards FI!