[FindaJob]

Hello, I’m pretty sure the company I currently work in being bought out pretty soon,

and Here’s the situation:

Fact # 1 ) I was hired by “Company A” which owns 100% of the subsidiary I work in.

Fact # 2 ) I am under “Company A’s” payroll.

Fact # 3) Since my job description covers services for the subsidiary only, I am expecting one of three situations: 1) being laid off, 2) Being moved to the subsidiary and then be laid off lol, 3) Just move into the subsidiary and live happily ever after “Not really but its better than the first two options” .

The question is: While I would be really happy that I have a job if I was moved to the subsidiary, I know that I would probably be hit hard in the # of holidays, personal days, sick days that I would get. I want to be prepared for how to react or what to do when action needs to be done and so would like to get some advice about what would be the best way to discuss or negotiate in such a situation

Note: “I have only been with them for 6 months … ” – Internal Audit is the department I work in.

Thanks,

two to go !

[jeff]

It doesn't sound like you're negotiating from a position of strength at all.

I would keep my head down and if better benefits are what you're looking for, quietly begin your search.

AUD - 79
BEC - 80
FAR - 76
REG - 92

Jeff Elliott, CPA (KS)
NINJA CPA | NINJA CMA | NINJA CPE | Another71

[jeff]

It doesn't sound like you're negotiating from a position of strength at all.

I would keep my head down and if better benefits are what you're looking for, quietly begin your search.

AUD - 79
BEC - 80
FAR - 76
REG - 92

Jeff Elliott, CPA (KS)
NINJA CPA | NINJA CMA | NINJA CPE | Another71

[FindaJob]

Agreed, Thanks for the reply – I'll put a reply out there to discuss what i went through in case this happens to some1 else later on.

two to go !

[FindaJob]

Agreed, Thanks for the reply – I'll put a reply out there to discuss what i went through in case this happens to some1 else later on.

two to go !

[Anonymous]

Are you talking about the subsidiary being bought or the parent being bought? Either way–update your resume. Change in exec usually trickles down. Sorry you're going through this. It's not fun to be in the dark about the future. Depending on what position you are in financially versus how much you like your job, I always advise to be proactive instead of reactive to protect yourself and your family, if you have one.

[Anonymous]

Are you talking about the subsidiary being bought or the parent being bought? Either way–update your resume. Change in exec usually trickles down. Sorry you're going through this. It's not fun to be in the dark about the future. Depending on what position you are in financially versus how much you like your job, I always advise to be proactive instead of reactive to protect yourself and your family, if you have one.

[NicoleL]

I wouldn't go crazy with until you have more information about your future…especially if you like your job. I've been through buyouts and sometimes it gives you opportunities that you weren't expecting (granted, sometimes you do get let go but that's not always the case). One buyout I went through, my boss, a director, was let go as they had a director, but I kept my job as an accountant since someone still had to do the work.

Start looking at the potential buyers website for job openings. That'll give you an idea of if they need people in your area and that should give you a good idea if you're “safe”. Currently going through something similar in that most of our systems are being integrated into our parent, but our parent has 20 or so open positions in my area so I'm not real worried they'll eliminate me, I'll just have my responsibilities changed. Plus, depending on the size, mergers can take a long time and usually if you have to help wind down, they should offer a staying incentive.

FAR - 93 (YAY!!!!)
REG - 93 (Double YAY!)
BEC - 87 (Whew!)
AUD - 96 (DONE!!!!!)

[NicoleL]

I wouldn't go crazy with until you have more information about your future…especially if you like your job. I've been through buyouts and sometimes it gives you opportunities that you weren't expecting (granted, sometimes you do get let go but that's not always the case). One buyout I went through, my boss, a director, was let go as they had a director, but I kept my job as an accountant since someone still had to do the work.

Start looking at the potential buyers website for job openings. That'll give you an idea of if they need people in your area and that should give you a good idea if you're “safe”. Currently going through something similar in that most of our systems are being integrated into our parent, but our parent has 20 or so open positions in my area so I'm not real worried they'll eliminate me, I'll just have my responsibilities changed. Plus, depending on the size, mergers can take a long time and usually if you have to help wind down, they should offer a staying incentive.

FAR - 93 (YAY!!!!)
REG - 93 (Double YAY!)
BEC - 87 (Whew!)
AUD - 96 (DONE!!!!!)

[mla1169]

I'd wait and see how it plays out. A lot of times nothing at all changes as the result of a sale. I worked at a company that was bought twice during my 4 years there. Vacation and holidays, insurance, and the staff stayed exactly the same.

FAR- 77
AUD -49, 71, 84
REG -56,75!
BEC -75

Massachusetts CPA (non reporting) since 3/12.

[mla1169]

I'd wait and see how it plays out. A lot of times nothing at all changes as the result of a sale. I worked at a company that was bought twice during my 4 years there. Vacation and holidays, insurance, and the staff stayed exactly the same.

FAR- 77
AUD -49, 71, 84
REG -56,75!
BEC -75

Massachusetts CPA (non reporting) since 3/12.

[Author]

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