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Anyone a CFP as a side hustle?
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Hey, Fishies! We’re launching our first Interview/Q+A series "Portfolio Rewind: Would You Hire You?"
Like a portfolio review in reverse, creative leaders will share work they created when they first started out and critique it as if were a book that had just landed in their inbox. Then, tell us if they’d hire their younger selves knowing, and expecting, what they do now.
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I feel like pwc was to blame for this rollout
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If you are fired you can get severance. If you quit I believe you forfeit this. Also I believe if you quit on your own you cannot file for unemployment? Unsure on that last piece but let them fire you. You can just claim team layoff like everyone else these days.
LEK had a pretty generous severance when they laid us off. If for performance, I’m not sure if it’s different, you may just be let go. But if not and you have high performance scores (4+) they gave a couple months pay and let us do BD work on the bench during that time vs outright fired so you could job search and you still showed as employed. (They seemed worried about wrongful termination suits though and had us sign agreements that we wouldn’t sue in exchange)
I’d wait it out either way cause quitting doesn’t get you anywhere. They also didn’t report to employers reason for termination in the background checks
Yes* and no. There is no benefit to a firm to burn bridges with you - you may one day be the client they are pitching to. So I think treating it like a neutral event is important for the firm. Being laid off or separated generally comes with a package, some assistance in getting your resume in order, and likely the simplified version of unemployment and COBRA (in the US). Quit - and they don't need to extend most of those things to you - no severance, no unemployment, no assistance for the resume. But they will still let you pay for your own health insurance at full price.
While I’ve never seen a firm officially disclose a reason for termination, don’t, for even a second, think that people don’t ask around to former colleagues, etc. The tighter the industry, the more it happens. Golden rule, don’t burn bridges.
My sister is the director of HR for an engineering firm in 10 states. She says it is illegal for an employer to tell future employers that you were fired. They can only verify employment. Now whether some still do share that information I’m not sure but that’s how I understand it.
There could definitely be state laws, just didn't want people to assume that employers can't tell prospective companies they were fired as a blanket rule
Is this an individual case or is LEK experiencing layoffs?