Career Tips

Need advice w/internal job hunt


Hi everyone! I haven't posted on here in a very long time--but some of you might remember me. This is a fairly long post, but thank you for reading!

Currently I work for the second largest bank in the world, and I have been there just about a year and have been very happy until quite recently when the organization went through a giant overhaul. All of a sudden, top execs are leaving without warning and my colleagues are dropping like flies--either going to other departments or to a major competitor.

I remain happy in my job, as I have become known to many colleagues as a trusted associate and as someone who is easy to work with. I had a great relationship with my manager--but she just left because of all the reorganizational chaos. She gave me great reviews, but now my team is in limbo.

Last week I was approached by another colleague in a different business segment that's related to my area but not the same. She said there is a job opening in their segment that she felt I would be perfect for based on my experience, and that since she had such a positive opinion of me, having worked together quite often, she would like to recommend me for the job.

This area encompasses the skills I currently have and use, as well as other skills and training which I possess but do not currently use. The job would be a band up from what I currently do, with more money, and room to grow into the area I've wanted to get into. It would also still benefit my old team because, as I stated before, it complements my current business segment.

However, I don't want there to be any hard feelings on my current team or with my interim manager--but should that matter? I am able to post for new positions, I have been there long enough and meet all of the internal posting guidelines. But I am torn, as with my previous manager I was on track to be promoted at the end of the year. However, I now see what the people in the position I'd be promoted to are doing--and they are now working seven days a week to keep up with demand.  I have no problem with hard work, having frequently worked nights and weekends myself. The issue for me is that if given a choice I'd rather move into the job in the other business segment as it more closely aligns with my goals.

Should I go for it, or give things more time in my current role?

Thanks and great to see everyone again.

Karenina :)

 

Karenina, you have to take into consideration your family, your career interest and the likelihood that your current position may or may not exist in the near future. As long as you give your two week notice, I do not see how this can cause your superiors any hard feelings.

When you start seeing people 'disappear' and others are being let go, something is up and it is kept a secret for a reason - that reason is that they do not want the entire work crew to jump ship. If your superiors are keeping this from the general workers, do you call that loyalty? I don't.

Hi OC!

Thank you so much for the reply. Yes, something is up with upper management. This institution underwent a huge reorganization in February, where I was brought from one regional team into a centralized team, and then that team underwent major changes as well. When they find the replacement for my  manager, I will be on my fifth manager in nine months. That is ridiculous!

I think the company is gobbling other companies in high-profile mergers with no thought to credit risk; also, through these mergers, jobs are being cut for two reasons that I can see: 1) to keep the promise of cost savings to shareholders and 2) to comply with monopoly laws as the institution cannot own more than 10% of the world's treasury assets. The company is darned close to that number.

So we're seeing executives in jobs for more than 30 years getting the ax, some booted out the door with no notice and some with no severance. In my team we've been seeing more and more measuring of metrics, specifically our team's output compared with demand, how many hours we are all putting in (we're salaried, but still report our hours), and the most interesting part is a hushed-up look by Six Sigma black belts into "offshoring." Of course, they don't tell us exactly what that's all about--just that they're trying to make the "business case" for more funding for my team.

Yeah, right--funding for overseas labor, which could eliminate my job and which makes no sense given my team's role (writing RFP responses!). I mean, my sector deals with much customization and U.S.-specific laws and products--how in the world can they figure that offshoring will help solve the demand crunch? It would be fine for commercial generic bids where you just plug in boilerplate from a database, but what we do is far from that!

So, they keep things quiet, they keep measuring, they keep piling on the crap we're all supposed to do--and for the money they're spending on this consulting, they likely could've hired the 5 more writers we need.

I'll go for the other job--different area, far less chaos. I'd like to stay within the institution, I have many friends and positive networking relationships, and the pay and benefits are good.

 

Karenina :)

 

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