Lost my job =(

[SacrosanctFiend]

Originally posted by: Prince2klbAzn

Originally posted by: SampSon
Congratulations on losing your first job! That's basically a right of passage for entering the working world.
Expect much of the same types of experinces in the future.

You knew they were heavily laying people off, so being put on the chopping block should have been on your mind.
They were obviously looking for any reasons to substantiate thinning out your department, and they found them.

File for unemployment, update your resume and get back out there. It happens to everyone.

I was told I couldn't file for unemployment benefits in NY since it only applies to people being 'laid-off' and not fired. They fired 3 of us.

I still find it really bs... I pulled 70 hour weeks for 5-6 months doing every bit of work they could rustle up for me. ><

IIRC, you can only be denied unemployment benefits if you voluntarily separated, were let go due to misconduct, or were let go due to criminal actions.

 

[Prince2klbAzn]

Originally posted by: Jumpem

Originally posted by: SacrosanctFiend
:thumbsup: We have a point system at work. You come in 15 minutes late, you get a point. You call in sick but don't have a doctor's note, you get a point. You get 8 points, and you get escorted off the premises.

It's not wise to take a vacation when your department is going through rough times. You know, unless you want to be canned.

You work for a pretty ridiculous place. We get treated very well at my work. If you come in late, no one cares. Go home early, sure. Don't want to come in, just email the boss.

As long as we get 40 hours in between Monday and Sunday.

It's standard when you work in finance to work 70-100hrs a week. Being late or leaving before the boss is extremely bad. A lot of times, we're only there just because we're waiting for the MD to leave.

 

[Prince2klbAzn]

Originally posted by: beer

Originally posted by: SacrosanctFiend

Originally posted by: vital
Point tracking systems suck. I work in a professional environment and the managers never eye you when you come in and leave. You're responsible for recording all hours worked. You can take lunches as long as you want as long as you make it up on your own time. That being said, no one in my department ever abuses any of the lenient rules. Everyone is really professional and still put in 45-50 hour weeks because it's known that as a professional it's expected that you work overtime. From all the places I've worked, I've noticed that the more relaxed the rules are, the more professional the employees are. The only time I had a point system where I get written up for being a minute late was when I had a part time job as a college student working hourly.

They are quite effective when you utilize lean manufacturing. We're not asses about it, and will accept a good excuse. It is something that is necessary in our work environment, however.

Wow. And I'm annoyed that I don't get massages or haircuts on-site like googlers do.

Originally posted by: Prince2klbAzn
I'm never late since I have to be the first once in the office. I have to write a market summary and recap the daily performances of like 300 of our structured products each morning and have it sent out to all the client advisers by 8am. My boss doesn't get in 'till 7:30 at the earliest and I'm usually there at 6am. As for taking long lunches or leaving early, I was part of a special program instead of a regular hire. The 9 analysts that were with me had all sorts of mandatory networking events, luncheons, learning seminars etc. We were away from the desk a fair amount but it was all for events that we were instructed to attend.

As for taking vacation... my direct manager actually told me to use up vacation before the year's end since they don't roll over. As part of our program though, during the first year we have a direct manager and a 'program manager'. I guess they had very different opinions on vacation time. Also, my division is actually doing really well. The company as a whole is down the $hitter. A company-wide cost cutting initiative however, hit us all the same.

Can you elaborate a bit more on what city you work in, and what field?

NYC, and I work for one of the big investment banks in their Private Wealth division.

 

[BarneyFife]

Originally posted by: Jumpem

Originally posted by: PaulNEPats
You have to get a Doctor's note EVERY TIME you call in? What kind've cockadooey bullshit is that?

Indeed. We get unlimited sick days, and I've never been asked for a note.

Wow, I'm so glad I have my job where I can stroll in 30 mins late and just make up for it by staying 30 mins late.

Or call in sick without a doctor's note.

Or go on vacation whenever I want too.

Note to self. Never work for a Japanese company.

 

[SunnyD]

Originally posted by: Prince2klbAzn

Originally posted by: SampSon
Congratulations on losing your first job! That's basically a right of passage for entering the working world.
Expect much of the same types of experinces in the future.

You knew they were heavily laying people off, so being put on the chopping block should have been on your mind.
They were obviously looking for any reasons to substantiate thinning out your department, and they found them.

File for unemployment, update your resume and get back out there. It happens to everyone.

I was told I couldn't file for unemployment benefits in NY since it only applies to people being 'laid-off' and not fired. They fired 3 of us.

I still find it really bs... I pulled 70 hour weeks for 5-6 months doing every bit of work they could rustle up for me. ><

Uh... WRONG. Look it up here. If you were gainfully employed and it is INVOLUNTARY termination, you get unemployement. Lay-offs are involuntary unemployment, and assuming you fit the length of employment, you will be eligible.

 

[Perknose]

Originally posted by: Prince2klbAzn

Originally posted by: SampSon
Congratulations on losing your first job! That's basically a right of passage for entering the working world.
Expect much of the same types of experinces in the future.

You knew they were heavily laying people off, so being put on the chopping block should have been on your mind.
They were obviously looking for any reasons to substantiate thinning out your department, and they found them.

File for unemployment, update your resume and get back out there. It happens to everyone.

I was told I couldn't file for unemployment benefits in NY since it only applies to people being 'laid-off' and not fired. They fired 3 of us.

I still find it really bs... I pulled 70 hour weeks for 5-6 months doing every bit of work they could rustle up for me. ><

You might have a case with the NLRB (National Labor Relations Board). They seem to be heavily biased in favor of the worker. I won my only case. If you win, you'll get unemployment comp.

 

[SacrosanctFiend]

Originally posted by: Jumpem

Originally posted by: SacrosanctFiend
:thumbsup: We have a point system at work. You come in 15 minutes late, you get a point. You call in sick but don't have a doctor's note, you get a point. You get 8 points, and you get escorted off the premises.

It's not wise to take a vacation when your department is going through rough times. You know, unless you want to be canned.

You work for a pretty ridiculous place. We get treated very well at my work. If you come in late, no one cares. Go home early, sure. Don't want to come in, just email the boss.

As long as we get 40 hours in between Monday and Sunday.

I work for a Japanese company. We get benefits better than the government, pay much higher than the regional average, and all we have to do is work hard. We run a 24-hour operation, so if someone doesn't show up for a shift, they can't make it up.


(Note: This does not concern the salaried, office employees. We are much more lax with them).

 

[Prince2klbAzn]

Originally posted by: SampSon

Originally posted by: Prince2klbAzn

Originally posted by: SampSon
Congratulations on losing your first job! That's basically a right of passage for entering the working world.
Expect much of the same types of experinces in the future.

You knew they were heavily laying people off, so being put on the chopping block should have been on your mind.
They were obviously looking for any reasons to substantiate thinning out your department, and they found them.

File for unemployment, update your resume and get back out there. It happens to everyone.

I was told I couldn't file for unemployment benefits in NY since it only applies to people being 'laid-off' and not fired. They fired 3 of us.

I still find it really bs... I pulled 70 hour weeks for 5-6 months doing every bit of work they could rustle up for me. ><

Who told you that you can't file for UI? Whoever told you that was lieing to you. If it was your former employer who told you that then it was DEFINITELY a lit. When you lose a job you always file for UI. It is then up to the state and your former employer to duke it out. It will cost your employer substantially more to dispute your claim than to just pay it for 6 months.

I was officially 'laid off' from a job, along with 300 others, everyone who filed for UI received it. I was laid off from another job, with 2 others, and all three of us filed for UI and received it.

You lost your job, you immediately file for UI in New York. The claim line is available 24/7 on the phone. I suggest you do yourself a favor and file.

Will do, thanks for letting me know. It was actually the program manager who told us we couldn't. Said that since it was 'our fault' we couldn't get UI. =/

 

[beer]

So, I reread this thread. It sounds like your work in IB on wall street (so, the clues are pretty obvious, but its 1030 and I didn't bother to read).

I don't know, this is why IB has always scared me - it's just work that exists that attracts the worst traits in people as soon as a boom goes south. I guess I read this and thought you were an IT analyst (since it is AT) and not a financial analyst. It sucks, though....but it shouldn't have been unexpected, AFAIK everyone I know from college whose working in IB now have been sitting on their thumbs since September or so.

EDIT: looks like i was right...le sigh

 

[SampSon]

Originally posted by: SacrosanctFiend

Originally posted by: Prince2klbAzn

Originally posted by: SampSon
Congratulations on losing your first job! That's basically a right of passage for entering the working world.
Expect much of the same types of experinces in the future.

You knew they were heavily laying people off, so being put on the chopping block should have been on your mind.
They were obviously looking for any reasons to substantiate thinning out your department, and they found them.

File for unemployment, update your resume and get back out there. It happens to everyone.

I was told I couldn't file for unemployment benefits in NY since it only applies to people being 'laid-off' and not fired. They fired 3 of us.

I still find it really bs... I pulled 70 hour weeks for 5-6 months doing every bit of work they could rustle up for me. ><

IIRC, you can only be denied unemployment benefits if you voluntarily separated, were let go due to misconduct, or were let go due to criminal actions.

Even then you can file for UI.

There are a lot of misconceptions about UI, most of them lead to people not even looking into the benefits they paid into.

In NYS when you lose your job, for whatever reason, you file a claim and let your former employer and the dept of labor figure it out.

 

[Cold Steel]

Originally posted by: Jumpem


You work for a pretty ridiculous place. We get treated very well at my work. If you come in late, no one cares. Go home early, sure. Don't want to come in, just email the boss.

As long as we get 40 hours in between Monday and Sunday.

Yeah, that's pretty much where I work, too. I left early last Friday. But I had already worked over 40 hours for the week, and will more than likely put in more than 40 hours next week, too.

We have wicked flex hours. You can pretty much come in whenever you want. I'm an early bird anyway, and it works in my position to come in early so I do.

 

[SacrosanctFiend]

Originally posted by: Jumpem

Originally posted by: SacrosanctFiend
The kind that prevents our employees from calling out because they don't feel like working. If you are too sick to work, you need to go see a doctor. We also accept a doctor's note for an employee's child, if an employee has to stay home to care for him/her.

We also do a 10-panel drug screen pre-employment with random drug testing weekly. You have a problem with that too?

We take good care of our employees, so we expect them to work hard for us.

A note everytime you are sick is ridiculous. Maybe someone just has a sore throat or was nauseas when they woke up. No need for a doctor, just rest a day or tow, and go back to work.

If someone just has a sore throat or is a little nauseas they should show up to work. You must be a Gen X'er.

 

[SampSon]

Originally posted by: Prince2klbAzn
Will do, thanks for letting me know. It was actually the program manager who told us we couldn't. Said that since it was 'our fault' we couldn't get UI. =/

The program manager was lieing to you. When you file your claim make sure you communicate that to the person you speak to on the phone. That type of treatment is not smiled upon by the dept of labor.

The program manager is most likely the person who will be handling all of the state paperwork for UI filings with the company. The less people that file, the less work he/she has to do.

 

[SacrosanctFiend]

Originally posted by: SampSon

Originally posted by: SacrosanctFiend

Originally posted by: Prince2klbAzn

Originally posted by: SampSon
Congratulations on losing your first job! That's basically a right of passage for entering the working world.
Expect much of the same types of experinces in the future.

You knew they were heavily laying people off, so being put on the chopping block should have been on your mind.
They were obviously looking for any reasons to substantiate thinning out your department, and they found them.

File for unemployment, update your resume and get back out there. It happens to everyone.

I was told I couldn't file for unemployment benefits in NY since it only applies to people being 'laid-off' and not fired. They fired 3 of us.

I still find it really bs... I pulled 70 hour weeks for 5-6 months doing every bit of work they could rustle up for me. ><

IIRC, you can only be denied unemployment benefits if you voluntarily separated, were let go due to misconduct, or were let go due to criminal actions.

Even then you can file for UI.

There are a lot of misconceptions about UI, most of them lead to people not even looking into the benefits they paid into.

In NYS when you lose your job, for whatever reason, you file a claim and let your former employer and the dept of labor figure it out.

Right, you can always file. Usually you won't get anything if you were let go for the above reasons.

Employees don't pay into UI benefits. That is strictly paid for by employer taxes.

 

[Jumpem]

Originally posted by: SacrosanctFiend
I work for a Japanese company. We get benefits better than the government, pay much higher than the regional average, and all we have to do is work hard. We run a 24-hour operation, so if someone doesn't show up for a shift, they can't make it up.


(Note: This does not concern the salaried, office employees. We are much more lax with them).

Oh, you have a much different environment. I don't work in manufacturing, so having flexible hours won't directly impact anyone else.

 

[Prince2klbAzn]

Originally posted by: beer
So, I reread this thread. It sounds like your work in IB on wall street (so, the clues are pretty obvious, but its 1030 and I didn't bother to read).

I don't know, this is why IB has always scared me - it's just work that exists that attracts the worst traits in people as soon as a boom goes south. I guess I read this and thought you were an IT analyst (since it is AT) and not a financial analyst. It sucks, though....but it shouldn't have been unexpected, AFAIK everyone I know from college whose working in IB now have been sitting on their thumbs since September or so.

EDIT: looks like i was right...le sigh

Not a financial or IT analyst =P Analyst is just a general title for anyone who starts out... be it in HR, IT, Banking, S&T or Private Wealth. I'm a 'generalist' in the Private Wealth division. They were supposedly grooming us to eventually become relationship managers or investment advisers for UHNW (ultra-high net worth) clients.

 

[Jumpem]

Originally posted by: SacrosanctFiend
If someone just has a sore throat or is a little nauseas they should show up to work. You must be a Gen X'er.

29, wherever that puts me. I had a sore throat that started on Christmas, and I was caughing up mucus and just felt horrible. Emailed my manager on a daily basis, but stayed home for three days following Christmas.

 

[child of wonder]

Originally posted by: SacrosanctFiend
The kind that prevents our employees from calling out because they don't feel like working. If you are too sick to work, you need to go see a doctor. We also accept a doctor's note for an employee's child, if an employee has to stay home to care for him/her.

We also do a 10-panel drug screen pre-employment with random drug testing weekly. You have a problem with that too?

We take good care of our employees, so we expect them to work hard for us.

If an employer would pay the $25 co-pay I'll happily go to the Dr. every time my kids have a GI viral infection, diarrhea, a fever over 100, or a slew of other conditions that would cause daycare or school to not let them in the door, yet the Dr. could not do a damn thing about since we just need to wait it out.

The tighter an employer tries to squeeze it's employees, the more apt they are to resist that grip by breaking rules. Actual competent managers and companies know that treating your employees like adults and weeding out those that blatantly abuse that trust brings about much happier and productive employees who are actually willing to go the extra mile.

 

[Jschmuck2]

God your lives all suck. Sorry to hear about your job though - I'm sure you'll have no problem finding a new one.

 

[her209]

Sue them.

 

[SacrosanctFiend]

Originally posted by: child of wonder

Originally posted by: SacrosanctFiend
The kind that prevents our employees from calling out because they don't feel like working. If you are too sick to work, you need to go see a doctor. We also accept a doctor's note for an employee's child, if an employee has to stay home to care for him/her.

We also do a 10-panel drug screen pre-employment with random drug testing weekly. You have a problem with that too?

We take good care of our employees, so we expect them to work hard for us.

If an employer would pay the $25 co-pay I'll happily go to the Dr. every time my kids have a GI viral infection, diarrhea, a fever over 100, or a slew of other conditions that would cause daycare or school to not let them in the door, yet the Dr. could not do a damn thing about since we just need to wait it out.

The tighter an employer tries to squeeze it's employees, the more apt they are to resist that grip by breaking rules. Actual competent managers and companies know that treating your employees like adults and weeding out those that blatantly abuse that trust brings about much happier and productive employees who are actually willing to go the extra mile.

We have a 100% coverage benefits package, with no co-pay except for ER visits, that we encourage the floor workers to sign up for.

 

[SacrosanctFiend]

Originally posted by: Jumpem

Originally posted by: SacrosanctFiend
If someone just has a sore throat or is a little nauseas they should show up to work. You must be a Gen X'er.

29, wherever that puts me. I had a sore throat that started on Christmas, and I was caughing up mucus and just felt horrible. Emailed my manager on a daily basis, but stayed home for three days following Christmas.

Yep, Gen X'er.

 

[beer]

Originally posted by: Prince2klbAzn

Originally posted by: beer
So, I reread this thread. It sounds like your work in IB on wall street (so, the clues are pretty obvious, but its 1030 and I didn't bother to read).

I don't know, this is why IB has always scared me - it's just work that exists that attracts the worst traits in people as soon as a boom goes south. I guess I read this and thought you were an IT analyst (since it is AT) and not a financial analyst. It sucks, though....but it shouldn't have been unexpected, AFAIK everyone I know from college whose working in IB now have been sitting on their thumbs since September or so.

EDIT: looks like i was right...le sigh

Not a financial or IT analyst =P Analyst is just a general title for anyone who starts out... be it in HR, IT, Banking, S&T or Private Wealth. I'm a 'generalist' in the Private Wealth division. They were supposedly grooming us to eventually become relationship managers or investment advisers for UHNW (ultra-high net worth) clients.

I mean I work in tech, so I can't relate, because as an industry we're not struggling to the point of layoffs now. Yea, my options are underwater significantly, so I'm not putting a down payment on a 2br $1.2mil condo anytime soon, but I'm still employed.

I mean, IB sucks, On the other hand, you probably worked in IB over other somewhat less financially lucrative fields for no other reason that the astronomical wealth being dangled in front of you in the near future. (why else would you work in IB if not for the wealth, then?) So, greed didn't work out in your favor. Find a new job off wall street, study for your GMAT, get into a MBA program that won't lock you to finance/IB and all the associated worst parts of mankind and take it as a lesson? *shrug*

Banking as a whole sucks now. Maybe move to Bain or something? Salary sucks though...

 

[Jumpem]

Originally posted by: child of wonder
If an employer would pay the $25 co-pay I'll happily go to the Dr. every time my kids have a GI viral infection, diarrhea, a fever over 100, or a slew of other conditions that would cause daycare or school to not let them in the door, yet the Dr. could not do a damn thing about since we just need to wait it out.

The tighter an employer tries to squeeze it's employees, the more apt they are to resist that grip by breaking rules. Actual competent managers and companies know that treating your employees like adults and weeding out those that blatantly abuse that trust brings about much happier and productive employees who are actually willing to go the extra mile.

I have a no copays. I just don't always feel I need to go to a doctor for being under the weather.

 

[SampSon]

Originally posted by: SacrosanctFiend

Originally posted by: SampSon

Originally posted by: SacrosanctFiend

Originally posted by: Prince2klbAzn

Originally posted by: SampSon
Congratulations on losing your first job! That's basically a right of passage for entering the working world.
Expect much of the same types of experinces in the future.

You knew they were heavily laying people off, so being put on the chopping block should have been on your mind.
They were obviously looking for any reasons to substantiate thinning out your department, and they found them.

File for unemployment, update your resume and get back out there. It happens to everyone.

I was told I couldn't file for unemployment benefits in NY since it only applies to people being 'laid-off' and not fired. They fired 3 of us.

I still find it really bs... I pulled 70 hour weeks for 5-6 months doing every bit of work they could rustle up for me. ><

IIRC, you can only be denied unemployment benefits if you voluntarily separated, were let go due to misconduct, or were let go due to criminal actions.

Even then you can file for UI.

There are a lot of misconceptions about UI, most of them lead to people not even looking into the benefits they paid into.

In NYS when you lose your job, for whatever reason, you file a claim and let your former employer and the dept of labor figure it out.

Right, you can always file. Usually you won't get anything if you were let go for the above reasons.

Employees don't pay into UI benefits. That is strictly paid for by employer taxes.

Well in one of my cases I was fired, but the company claimed it was a voluntary separation of worker and employer. The company disputed the claim and lost.

In most states the employer pays the bulk of UI through state/federal payroll taxes, though not all of it. In some states the employees are directly taxed on a portion of their earnings to pay for UI. That is not as common and only still exists in a handful of states. Either way taxes levied against wage earners still makes its way into the dept of labor and UI systems.