Lately, my client intake sessions have turned into “venting sessions”. Oftentimes, the client needs to get through the venting session to take charge of their financial challenge. Today, I got a phone call from Mrs. Garrett. She technically worked as a Human Resource Administrator up until today. She worked for a mid size pharmaceutical company since their startup seven years ago. She just returned from her Christmas ski trip. She came back home well rested and ready to take the helm as usual. Every employee was excited to be back since there was such a family atmosphere. The CEO and COO welcomed all employees back with their Annual New Year “pep rally”.
Everyone was looking forward to the 2009 corporate goals, but instead was dealt an unexpected blow! They were informed that the company had been sold and their last day at work would be January 16th.
Just imagine how many smiles turned upside down. Imagine the grief that suddenly overtook the room. Mrs. Garrett said there were so many tears and screams of distraught, that she felt compelled to cheer everyone else up. When the day was over, she cried all the way home.
She was very angry and upset with her managers because they could have said something earlier. She felt betrayed because she made so many sacrifices for her employer. She actually thought she was indispensable. Mrs. Garrett understood that the company had to make a business decision, but what she couldn’t understand was the manner in which they were making the transition. Had they given her proper notice, she could have tapped into resources to help her fellow colleagues. Of course, I had to ask,”Is there ever an easy way to give notice?”
This ordeal leads me to ask everyone, “What would you do if this same thing happened to you? Would you be prepared if you walked into work one day and found out the company was sold? Who’s to guarantee that you’ll find a job right away? How long will your savings last, if you have savings? Let’s face it…The average American lives from paycheck to paycheck!
It amazes me how people will study a manual on how to maintain a new car, study a manual on how to program a new television, but will not take the time out to read the most important manual of them all, ‘How to Save Your Home from Foreclosure’.
Mrs. Garrett was hurt because she knew that many employees recently sent their children away to college. She felt if they were given advanced notice, they may have sent their children to local community colleges. Although, she leaned on me to navigate through this changeover; she immediately put together a week long “Survival Seminar” for her co-workers to help survive the transition. She had a long talk with her managers and convinced them to pay advisors, recruiters, financial planners and foreclosure mediators to ease the pain. The company purchased “The Homeowner’s Ultimate Guide to Stopping Foreclosure” for almost six hundred employees and distributed the book during our forum. Let me add that this book is easier to read and easier to understand than the average car manual. I’m glad I brought the right team of colleagues with me because patience and compassion went a long way.
I stress this book as a preventative maintenance tool because we have no guarantees. We’re treading in unprecedented waters. Don’t take your employment for granted. Don’t jeopardize your family’s security. Preparation is Priceless. Hope for the best and prepare for the worst. www.foreclosurebookwebsite.com