I'm interested to know what's keeping the people who are unsatisfied with their jobs at TR? I'll start. The only reason I'm still here is the fact I'm yet to find a new job that would pay if not the same, then at least close to what I'm making now. Each offer I've received in the past six months is at least 30% under my current pay and I can't afford that big of a pay cut.
19 replies (most recent on top)
Vacation time and maternity leave. The fact that new kids walking in the door get almost a month off in PTO and I can take up to 6 months after having a child is absolutely insane in the US.
Who else is left?
@ cybq+1aOoI53C
Not sure how many ex Reuters employees stayed in TR after the sell off to Blackstone of F&R.
I was going to say the Reuters redundancy package was ring fenced via the Union Unite. However does the Union function within TR or did it move with F&R to Refinitiv?
I got out a few years ago with the Reuters payoff terms (Huge Grin Emoji).
Reference the comments about redundancy 'gone'. Are we saying that the company is now only paying government recommended minimum (UK) only and not enhancing this any more ?
The old Reuters severance pay was always higher than those on ex-Thomson scheme and new TR joiners, has this also been paired back ?
I checked out years ago. I stay because mother $ is actually good for the less-than-40-hours a week I actually work. Also WFH and lots of paid time off.
Startups and smaller PE-owned companies are definitely pouncing on TR people, especially directors and young VPs ready to make a step-change in their career. They are landing executive roles with much more accountability and an attractive compensation package.
"Redundancy packages are gone per the latest announcement. If you got one, you are part of the last lucky few."
What announcement?
Redundancy packages are gone per the latest announcement. If you got one, you are part of the last lucky few. SH and company are rolling out the red carpet for people to leave.
Reference the comments about people going to 'Startup' / upcoming companies. Why wouldn't they ?
What's not to like about being respected as an employee, being listened to, having real career progression and not having to get involved in corporate/management political game play !
The suggestion that there is no security in small companies doesn't stack up either. During my time at TR, I lost count how many restructures and job cuts there was. There is no security in TR or career progression, except for the protected few, so what is there to lose by going to a smaller company ?
The only ones that are hanging on, are a) those that are long term TR employees who see the redundancy package as a divine right and b) those who know they would never get a job outside TR at the same level/pay.
I am too close to retirement to look for another job.
@1vsn+1aOoI53C
Add Blue J Legal to the list if startups as well.
Many smaller companies in the legal space are pouncing on ex-TR employees. Just look in the ranks of Intapp, Kira, Litera, Agiloft, Lexis, and product-tech or marketing roles in many law firms. I am sure the same is happening in the Tax and Accounting space. Just look at where all your LinkedIn contacts are going.
@yna+1aOoI53C Whose the one company excited to hire TR employees? Just curious
Guys - I’ve been working almost 40 years and worked at numerous companies. The more I moved, the more I’ve learned, the more I’ve been paid. Group I was with most people had been their 1st or 2nd job in 20+ years. Stagnation is not good - why you need to move around.
Nothing. I'm out!
Contact your former colleagues and ask if they can give you a referral for an open position with their new employer. A lot of startups are expanding rapidly right now, and many offer their employees referral bonuses, so your former colleagues would be happy to hear from you.
I know of one company in particular that is happy to hire from TR but feels it can't actively recruit from TR (don't want to poke the monopolist bear), so you have to contact them.
Ever since the company started moving executive jobs to Toronto and Zug, I no longer saw a growth path for me in my location. I stayed on longer than I probably should because I enjoyed the work, my colleagues and the “brand recognition” of working for TR. Since the second half of last year many of the people I most respected in the company were cut or left voluntarily. This pushed me to start actively looking. Within a couple months I found something even more engaging in a smaller company with equity and a significant pay increase. In hindsight, I should have started looking sooner. The job market is hot right now and our experience and expertise is appropriately valued by smaller, well-funded companies, in the professional markets TR serves. You just need to go for it and actively search. No one will know you are looking unless you put yourself out there.
I'm interviewing. I'm looking for the right opportunity. Doesn't look like I'll need to take a pay cut. Looks more like I'll make 10% more. So anyone considering leaving, don't assume you're well-paid now.
The important thing is not to have emotional ties to the place. For all those in low-cost destinations thinking your time has come, don't blink. Once it sells, the place will change again. Your jobs will go to robots and chatbots and all the little bots highly paid execs think can answer instead of people.
Personally, I dislike using chatbots. They are the new "press 1 if..." "press 2 if..."
I think a lot of people are in a similar situation with having to potentially take a pay cut if they leave. Unfortunately these are the kind of people all the recent changes to severance and the review process are targeting. Management is actively taking measures to try and separate people who have extensive tenure to bring in cheaper "fresh blood".
As for myself, I'm only waiting for the right opportunity to present itself.