Business Mentor, Consultant And Trainer
Legal Analyst, Hrm
"Degradation through Transfer" is called as "Demotion". It is unfortunate that your company had to close their business operations. These things do happen because of quirk of fate.
Nevertheless, there is silver lining. Your company has offered you alternate employment. They could have removed you from the job but they have done it. Now you have two options. One is to accept whatever is offered to you. Another is to quit the employment. Therefore, you may do the Cost Benefit Analysis (CBA) and choose the right option.
Quitting the job would mean protecting the designation. But it will also bring career in its wake and it could pose problem for you. Secondly, what is the guarantee that you will get manager's job easily?
Continuing the employment with demotion would mean continuity in employment however, while looking for the next job it could create problem as you will find it difficult to explain causes of your demotion. What is the guarantee that the future employer will take at its face value whatever you say?
24th October 2016 From India, Bangalore
Also u will learn abt sports business as well.
U cannot be made a store manager of sports division without any exp.
Therefore gain some good 3 yrs minimum experience as a supervisor and then u will hv 2 options as well for future
Mobile and sports.
25th October 2016 From India, Mumbai
However, the present offer can perhaps be to avoid payment of compensation for retrenchment or severance allowance on winding up their business.
25th October 2016 From India, Delhi
My designation is a result of my 5 Years of tenure with hard work on less salary. the other part of my problem is they are starting Mobile business with another brand but not ready to accept me there and not ready to tell me the reason. as per the situation they are showing that they are trying to save my Job which is not true. it is a voluntary act by the company as a force to resign. Why they are not offering me the retrenchment option so i can get some compensation and can find another suitable job.
Can i ask for retrenchment by my self ?
26th October 2016 From India, Noida
If alternative appointment option is given, you can't force the company for your retrenchment. Event of retrenchment rests always at employer's choice, not employee's choice, as that is subject to offer of no alternative appointment. In fact the employer has chosen a safe way of getting rid of employees.
27th October 2016 From India, Delhi