Redundancy

The spectre of redundancy looms large.

I am currently a member of a pool of five people all competing for one new job. We'll find out the result on Friday.

The interesting thing is that the new job will more than likely involve more travel and more responsibility, but - guess what - there's no extra salary available.

A number of other colleagues are being asked to take on substantial extra responsibilities for - guess what - no extra salary.

All of this would be fair enough were the company strapped for cash and heading for administration. But it isn't. It's a large, profitable international corporation. Somewhat perversely the industry I work in tends to be counter cyclical and rates are going to start to rise. We're going to get busier. The division I work for showed strong growth last year. The final figures aren't out yet, but it looks like something in the region of 10% revenue growth. People are therefore somewhat peeved at this.

Obviously I don't want to lose my job but, if I do, I'll try and look on it as a positive opportunity to do something new and different. Hopefully having a freshly minted university degree will be helpful.

I'll blog more on this subject as things progress but my main thought at the moment is that we delivered strong growth last year, arguably against unrealistic targets which weren't amended as the credit crunch bit, so are the wrong people leaving the business?