Despite everything that's been going on, I'd still prefer to stay at AIG than move on to another company. The idea of losing my seniority is daunting. I got an offer that's 15 percent above what I make now and I can't just ignore it. Is there any chance I'll be offered an incentive to stay if I approach my manager? Maybe a match or something else? Or should I not even try it and just hand in my two weeks notice?
13 replies (most recent on top)
So what was the outcome?
Play it safe and leave. AIG stands for “Am I Gone?”. The higher ups don’t give a damn about the 99%. They won’t think twice about outsourcing. If they move you to Accenture, Accenture might use you for one or two years to train someone in India, and then outsource your position to them.
I would take the higher offer and start fresh somewhere else. The grass is greener on the other side. Knowing that you have the possibility of upward mobility and or even a chance of it is better than working hard for an ungrateful management team that will always say that there is no money to pay you more but then brag about record profits.
I got laid off in 2014. Happiest day of my life. I couldn’t wait to get out of there. Go, run to your new job and don’t look back. What’s the worst that could happen. You’re obviously unhappy now otherwise you wouldn’t be looking for a new job. Get out while the getting is good.
Love the PCG dig. Once the absolute best of the best in the entire HNW industry who have managed to hit rock bottom in just 3 years under an awful new regime. Some of the most talented underwriters and minds all jumped ship for greener pastures without a single meaningful add to staff since. This place seriously became the most depressing and toxic environment one could imagine and I truly feel sorry for my friends who are stuck there doing the work of two or three people with no chance of a raise or promotion.
Direct quote from this weeks earnings call in case you missed.
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"And we streamlined our global operations and shared services capabilities by moving over 10,000 roles to outsourcing partners.
I want to thank all of our colleagues involved in AIG 200 for their outstanding performance. They should take great pride in knowing they established a new infrastructure and foundation for AIG...."
My $.02 - I was told by someone back in the day never leave for less than 20% bump. With that said, these days are very different considering inflation, etc. I was also told even if you get a counter offer, move on. If you accept, you’ll have a target on your back but also, I highly doubt they’d counter, unless like the previous poster pointed out, your a single point of failure.
I worked at AIG for 20+ years and saw ALLOT of people leave, both by RIF and voluntarily, and I never knew anyone who wasn’t immensely happier and in a better place after leaving. Not one. Zilch. My advice is to leave this terrible company and never look back.
Why stay? Remember it’s not just the bump in comp- it’s getting an actual annual raise, a real bonus and a chance to work for a company with a real corporate culture and chance for advancement.
You would have to be a single point of failure. No backup, etc. That's the only way this would happen. You would know if you were indispensable ...I suspect you are not. Run like the wind.
Run like the wind and don't look back!
and it is unlikely they match your offer because they do not care if you leave especially if you are 15 year tenured.
AIG is a tale of two companies. If you work for a horribly managed company like Private Client Group, then you should absolutely leave because things are bad and only getting worse.
If you work in commercial which is putting up decent numbers, then maybe you stay?
You have to look at the division of the company you work in and consider the direction that AIG is taking it. Some companies may still be a part of AIG in a few years, many will not. Some employees may hang on, many will not. It is a roll of the dice if you stay.