Should i resign from this company or not?

Question

I m an Architect, age 28 & have been working in this company for 2 years now. From the 1st day I joined this company I already knew that it was going to bankrupt. But I stayed on to finish what I started. The company that I am working for is a construction company. As you know the payment is normally not very good. Sometimes the sub contractors will try to cheat the main contactors money. Now this company still owes other contractors from previous projects and is making the company more unstable. I completed my job last year when we hand over the 4.6 million project. Now I still see no improvement in the company but the dept’s are getting more and the worker are getting less. The only reason that I am still staying is because the bosses really trust me and support me. I feel much respected in this company and the pay is goods also.
Last month they started to retrench people I am worried that the next will be me. It seems that the older collogues are being retrench. 4 people from the administrative, design and marketing depart. What worries me is that when I came in this company there were 28 people as a team. Now there are only 6 people left and most of them have worked longer than me and there pay is also less than mine. This year we had shift to a smaller office their reason was that the location was not suitable. Should I leave first or stay and see what happens?

Thanks for the comments I tried interviewing a few company last year till now but the pay was not very satisfying to me and the position as well. I am also having a personal problem at home. My wife will be having a baby soon I am worried that if I find a new job now I won’t be able to concentrate financially and mental. It’s my first one and I want to give him or her the best I can .But if I stay company is bound to sink sooner or later. My wife doesn’t know about my problem if I told her she will be depressed. I don’t want that to happen especially with the baby is coming. If there fire me at lease I would be paid 3 month salary. Sometimes I wonder why this has to happen now. I m planning to sell my fathers house so we can have extra if I don’t get a job when the baby comes. It deferent here in Asia work is not that easy to come by.

Answer 1

At first it seems like a good idea to simply leave. However, after reading

"Last month they started to retrench people I am worried that the next will be me. It seems that the older collogues are being retrench. 4 people from the administrative, design and marketing depart. What worries me is that when I came in this company there were 28 people as a team. Now there are only 6 people left and most of them have worked longer than me and there pay is also less than mine."

I think you should stay just a bit longer and see what happens.

Answer 2

self respect is an important thing, do you respect yourself? Are you doing a good job trying to help the company? If you cam feel good about the work you are doing, even though they may be going under you can still hold your head up high. Also from what i have observed two things, these type companies generally go under pretty quickly, two years is not quickly, maybe you have misjudged their standing, and/or if it is true that they are going under, from you your work and loyality, other companies/firms will recognize that and job offers will come your way.
Another thing, quite often when a company "retrenches" they change their structure to a more profitable one and is able to stay in business. Several large firms have gone thru this process and actualy were able to show a profit the very next quarter. Talk to your supervisor about what the future is, in general terms, do not bring up your fears and concerns. approach it from the point of I want to to the best I can for the company, what and how can I do that. Above all do not personalize it. Your supervisor will recognize what you are asking and you can make your decisions from there. If they have taken the kind of reductions in staff and you are still there, that to me is a good sign. Good luck with what ever you do

Answer 3

tough one.
may be keep on the job until the baby is born.

in the meantime, try finding new jobs-
if you get it then leave the old job .

if you dont then continue with the old one.

but the scene u have descrbied represent a company which is badly in loss.

luckily you are getting your salary on time, else companies start to hold employee salaries .

so though they respect and take care of you ,
may be time is not far away, when they will say that they have to quit you for a reason.

all respect will then go down the drain.

apply a wait and see tactic.
in the meantime start looking for new job.

else , if you are really lucky, may be this company would bounce back , but chances are very low.

Answer 4

While staying with the company you should continue and active search for another company that meets your needs and/or expectations. Computer as well as paper search. You could also discreetly go to an executive job hunter company with your resume. Be honest with a potential new employer about your loyalty and why you need to move onto another company. Show a new company what you have to offer. But don't be too bound by too many salary constraints, assess your possibilities since sometimes a good, solid company my start you with a lower salary until they see how you work for them. Good luck!

Answer 5

That's a tough decision to make. However, the job market is hot right now for engineering/architecture jobs. Maybe you should start looking for a new position else where. Construction contractors aren't your only option. You could also look into architectural consulting firms.

Answer 6

Go. It's not productive when "they" decide to give you the summary discharge. I know, it happened to me. It leads to a lot of uncomfy questions during the interview process for that next job. Downsizing, position elimination, all those lovely phrases they hand you have an impact on your psyche, too. It can be rather depressing.

Be wise. Get out of the company before they decide to send you on your way.

Answer 7

Sorry that youre having such a tough time...I think I would leave the company before they let me go. Not unless they are going to give you severence pay then that would be different...The best thing to do is send out resumes now and then get another job ...youre right its best not to worry youre wife...stress does affect the baby....Good Luck and Take care

Answer 8

It is easier to get a job when you have a job. If the failure of the company is fairly certain, then you have to look out for yourself first. Loyalty is not often rewarded in today's world. Look at the big picture and decide what is the right long term decision.

Answer 9

I can admire your loyality but your company is a sinking ship. There comes a time when you have to look out for number 1(YOU). A future employer might wonder why you stuck with a dying company. They might read that as no ambition. Anyway GOOD LUCK

Answer 10

You have to ask your self two questions, 1 Are you comfortable with the way the business is run, and 2 .Are you proud to be associated with this company? If your answer is No than I would reconsider this job.

Take care and be blessed.....