I have been working with the same company for 13 years and due to retire soon.

4 Comments

1. Cyndi RosenblattDecember 2,2022 at 4:01AM UTC

   If you need the money and are planning on retiring soon, take the offer. Probably not worth looking for a new job if you are ready to retire.

   But if you are looking for some sort of validation, this new offer is not going to provide it. For whatever reason, they decided you were not going to be advanced, and they aren't likely to change their minds. They want you to train your successor, so I guess that's one type of validation, but that's all you're going to get out of them.

   If you don't need the money or plan to keep working somewhere else when you leave your current employer, go ahead and work your exit plan and get out as soon as possible. This situation is not going to change - at least not in any positive ways.

2. AnonymousDecember 2,2022 at 3:41PM UTC

   This very thing happened to me at my last job just before I retired, and I ended up having to give up the promotion title, after which I announced my retirement. I agree with Cyndi that you are only being asked to train your replacement, which is all you will get from them besides the increment and bonus. The title they are giving you will probably go away after you leave.

   The title they gave me was "manager." I was admonished several times by colleagues and management for "acting like a manager," which was why I gave up the title and retired.

3. AnonymousDecember 2,2022 at 8:50PM UTC

   Will it benefit you in the short term since you are set to retire very soon, at this point you will not be considering career longevity but to increase your satisfaction and bank account between now and your retirement.

4. Joan Williams, Senior Talent Acquisition SpecialistDecember 31,2022 at 9:13PM UTC

   So whether or not you take the offer, only you can decide what is best for you.

   Your company is most likely offering you all they're going to offer you - unless you negotiate a larger raise and/or bonus - which might be an option.

   If you take the offer, you can sock away as much as you can before you retire.

   YOU WROTE:

   " I was then requested to extend my tenure and expected promotion was included. But to my dismay..."

   So this comment concerns me somewhat, along with your other comments. Were you proactive about pursuing promotions?

   You went 12 years with one promotion. Did you have clear and frequent conversations with those who would be involved in promotion decisions? Were specific milestones that needed to be hit to achieve that promotion clearly laid out? If not, why not? If so and the promotions did not happen, then you should have realized that they were not seriously considering you as promotable.

   You may have another option - you might be able to work out an arrangement where you stick to your original retirement date instead of extending it and work for the company as a consultant - at a significantly higher rate. Not sure what that would look like regarding health insurance, etc.

   You don't say what you do nor how old you are, but this doesn't have to be the end of your career if you don't want it to be. You could possibly go to work at another company, and work on getting promoted there - or go in at a higher level to start with or you could work as a subject matter expert consultant.