Help. Need your advise.

I am 33 years old this year, worked as an executive in one of the GLC. They offered VSS, and after i calculated, it will last me 1.5 years (nett salary).

The thing is, i have a family, wife is not working, got 2 small children (5 years and 1 year), renting, and have 1 car (Alza)

Push factor is mostly due to job satisfaction, stagnation, no career development.


Should i take it? With the current economic downturn? Or should i play it safe and wait it out?


p/s : i only have tomorrow to decide.

For me dont take it. You have family and all. Dont gamble with their livelihood.

If you dont take the VSS, then if they really want you gone, it will be MSS.

If you can, calculate how much is your MSS. Usually its not that far from VSS.

I am sure you are looking for a job as well. Secure one and run.

If your career line is easy to find job, I am sure you would have run long time ago, so carefull.

I would probably suggest you take it. At least compensation has been made accordingly which in the end it might happen after VSS, it could be a force leave or termination situation.

Unsure how your company situation is but there is some company doing what I say above already, after VSS offer, several month later those that did not accepted the offer got removed from their position.

TS, with your current profile at age 33 and executive position in a company, it's the best u take the VSS scheme.

Seems like it's more likely to land and secure a job within 6 months.

What if you don't take the scheme? The question is how secure is your current job looking at the first measure taken by your company? It's not a good sign

Thinking of that as well. Family is my main consideration.

I am currently in HR. Generic. Quite hard to find openings outside. Sigh.

Yeah thats the worst scenario. My company mentioned that this is all part of survival, but no guarantee whether i can keep mine for long.

Can sense you are having a tough time looking for a new job. If you can you will run long time already.

For me personally, better for them to offer me than I look for trouble. At least in my mind I didnt take the gamble.

If you solo, go ahead lah, do whatever. But got family, different thinking.

TS, ure getting 18 months pay VSS no?
u will be able to get job within that period for sure.

syukur u get 18 months instead of other company compensate 1month pay for each year service.

take it, spend time with your family.

get a new job.

HR?
If not mistaken..HR job is not that hard to find...unless you are demanding something?
for me I will take the VSS and find a job..
find a job that can cover the current commitment...the VSS compensation is an addition to your bank

if u take, how long is notice?

i suggest to take also. but die die also find a better job. 1.5 years very unpredictable. think put buffer, 1 year only.

You should take it with this reason
1. 18 months can last you a long time
2. Your commitments won't be any higher
3. All of you and family has no major illness that needs high medical costs
4. You are not satisfied with your job
5. You have adequate experience to get another job
6. You have adequate contacts to help you find a job
7. You are confident that you are capable of adapting to changes, even if you are not, just take the VSS

Since you have a 6 post quota, you can PM me for advice

Whatever your choice, make sure you think about all of your actions. Good luck bro.
And one more thing, your are entitled for EIS claim. You should know that since you are HR

take it. 1.5 years can't find new job?

Take the VSS
There is no point of u staying there already
The company is not doing too good

Well, I have a friend who work in HR and in the same situation like you.
I know how tough is your situation which I also went through.

Let's me share my experience to you:

1) Know your company & team.
a) Are you the key person in your team?
b) Do you have excellent job performance? How is performance compared to other members?
b) Is your salary within market? above or below?

From the question above, you may know your ranking in your team which you can predict when will you receive MSS letter. If you are not the top performer, no point company will keep you in the company.


2) VSS or MSS?
Usually, VSS compensation should be higher than MSS compensation. Perhaps you can find out the calculation of VSS, and make a comparison if company just pay minimum based on formula in Employment Act. If VSS is good, you may consider it, and start to plan your next step immediately (such as sent out resumes)


3) Touch up your resume
Touch up your resume, and grab all career opportunity if you can. FYI, my company posted a HR vacancy in Jobstreet. According to my friend, he received more than 2,000 job application within 20 days

Continue self-learning, and never stop to develop & learn new HR or any skillset which can boost up your job application.

Please don't GIVE UP. You are not the only one, they are many people encounter the same experience like you, and you have to stay strong in order to give support to your wife & children!! Nobody will defeat you except yourself.


4) Financial Support & Management
Prepare all claim documents before your last working day, and submit EIS immediately. Take note that the maximum payout of EIS throughout 6 months is only RM15k -10K (also depends on your basic salary), definitely this is insufficient for you.

Get ready part time job to support your daily expense. The last choice is get ready your Alza car and to be Grab driver temporary while you are searching for a job which can meet your expected salary.

Let me know if you need any advice from me or my friend.

Notice is by end of March, and they gonna pay the notice period.

Have you made a decision yet? Do let us know what you decide

Personally I'd say take the VSS, use some of the benefits you might have access to and take some time to retrain yourself. Good luck!

Hi, still indecisive. I have until tomorrow lunch to sign and submit the form.

Just had a quick chat on career with my manager. He said there will be no promotion, and no lateral movement (i did ask for this, out of intention to learn something else). The upcoming project that my unit will undertake, will have a big impact as it is quite a major one. So he claim it will be a good avenue for me to prove myself to be promoted this time.

[I]Note: i have been an exec since i joined 7 years back. Not a single promotion. So a bit doubtful already on the whole premise of "prove yourself first then only we can promote"

my advice, take it.

it shouldn't be a problem for someone in HR to secure a job in 18 months.

in case if you can get it earlier, you can keep the money for something else.

if you in HR probably good to ask colleagues whats the likelihood of coming out from the 'probation' if you decline the VSS. normally not so good i believe. and theres a big chance that there would be prejudice on your following term performance rating due to the VSS. so the VSS offer might be the best option for now. any chance that your GLC comp start with P and end with S?

Guys,

I have submitted my VSS.

Will have to start reviewing back my CV and resume soon.

Anyhow, thank you so much on the advice given. Wish me luck in my endeavor. Couldnt believe myself on this risky decision, but hopefully its for the better.

Hey, it starts with S and ends with Y.

Good Luck and all the best..
so u are in HR?

Yeap, specifically Career Management, Employee Engagement and Manpower Planning.