So stressed about my job situation =(

ElizabethS · #1 January 26th, 2012, 04:51 PM

So our bank is being taken over by another bank. I've known this since last June, but no details. Had a discussion with my manager last week...good news is I still have a position (for now!). Bad news, is that after 1 year, they will be reducing my salary by at least $6k if I haven't found a higher up position, as the new bank doesn't pay as well.

Since I'm the only one who is working, and we are about to add another baby, I am totally totally upset and stressing. I know I have a whole year to figure things out what sucks is I love the people I work with, its been a great company and a great place to work, and I'm afraid all of that is changing now.

And if I can't find another position within the company I will be looking for a new position, obviously. Makes me wish DH had his degree done already and he found a job so I could just stay at home with the kids for the next year while I figure out where I want to go.

I know I don't want to be in banking my whole life. I'd like to eventually go back to school and become a midwife but since I am the only one working right now to support the family while DH is finishing up his computer degree, I can't really act on that yet.

I still can't believe they are going to cut my salary. I know they could have done it immediatly upon conversion though so at least they guaranteed my salary for a year. I just feel like I'm starting all over again though....I have a friggin' college degree and 5 years experience now so it sucks that I could be cut back to what I originally started making straight out of college 5 years ago. *sigh*....

Thanks for letting me vent girls!

shockandawe · #2 January 27th, 2012, 06:36 AM

Sorry you're dealing with this.

mommydiva · #3 January 27th, 2012, 11:19 AM

Wow that would be stressful. You would think since they are taking over your pay would still be the same. Sorry your dealing with this.

I<3HelloKitty · #4 January 27th, 2012, 11:30 AM

Oh that is really rough! I feel you on the stressing out. I like to have my budgeting figured out and would have a hard time knowing I might have to try to cut back for a while until I found something comparable to what I'd been making. I hope you're able to find something within the company that will let you keep working with some of the people you like.

KMH · #5 January 27th, 2012, 11:36 AM

I hope something works out soon so you don't have to worry!

mommytokem · #6 January 27th, 2012, 03:19 PM

I'm sorry I'll be keeping you in my prayers

Trish36 · #7 January 27th, 2012, 03:28 PM

That sounds really stressful. I don't know how you do it. Both DH and I working and are struggling big time right now, I can't imagine being the only one with a job and then having my salary cut. I hope that things change for you real quick!!!

ElizabethS · #8 January 27th, 2012, 05:32 PM

Yeah we won't be doing if I have my salary cut. We are on a strict strict strict budget right now and that's WITHOUT our fourth one here yet!!! I will have to find something else if I can't find another position within the same company...DH graduates in December with his degree so maybe he will find something too. We just have to factor in daycare costs for 3 kids and extended care for 1. That's expensive and he would have to be paid enough to make working worthwhile.

sfarrow3 · #9 January 27th, 2012, 05:43 PM

So sorry you are going through this.....

noworries · #10 January 27th, 2012, 07:15 PM

That really sucks! I'm so sorry. I hope you find either another position with better pay at the bank or find another place that will pay you what you are worth.

austlanabmv · #11 January 28th, 2012, 08:25 AM

We have weird pay situations where i work too... i just dont get how they can hire you at one pay and then later cut it and think it is o.k. ... i get that it is a new management situation but still who can get a pay cut and go ... oh yeah i didn't need that 6,000 dollars anyways... places should realize that most of us are on budgets... ugh!!!

ElizabethS · #12 January 28th, 2012, 01:48 PM

Yeah the only reason they didn't cut our pay immediatly upon conversion was because they knew they'd have a max exodus from people right around conversion and they'd be screwed...not that I'm in a position to just walk away like others are.

This way they can use us a whole year, and if we leave, well, they've had time to post for new people without a college degree that they can pay piddly amounts compared to those of us that are seasoned and have been there longer...*sigh*.