Management promises - to believe or not to believe?

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arsenalj

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I wondered if any of you could provide advice on how much stock to put in promises made by management to you as an individual. To provide a little background, I work for a fairly large, bank-owned asset manager. Before a recent restructuring, I covered both short-term credits and corporate credit (intermediate and long). Post restructuring, I now report to our director of municipal credit analysis and cover only the short-end of the taxable world. Today my ultimate manager told me that I would soon be heading short-term taxable credit research for our firm. I am concerned that this is a ploy to keep me from looking for greener pastures in the interim and that such promises will not come to fruition.

Any color or advice would be appreciated.
 
Thought about that, particularly since our upper management does not have a strong track record of coming through on such promises. Thanks for the advice.
 
or you could just ask very focused questions as in," when should I expect this to happen?"
 
arsenalj, I think you answered your own question when you said "our upper management does not have a strong track record of coming through on such promises". Good advice from goldenboy. If they put it in writing, then no worries. If not, then maybe you should begin a job search for a more forthcoming firm. Good luck!
 
Those are great ideas. I appreciate both of you taking the time to weigh in on this subject.
 
Why not look for greener pastures anyway? Then it doesn't really matter if they come through or not? Whoever makes you happy first - they win, and so do you.
 
I have a desire to be loyal to a point. Having been raised by a father who has been with the same company for his 30+ year career has made me sometimes feel obligated to show loyalty to employers who have hired me. I think that you advice, bchadwick, is sound. Appreciate it.
 
Loyalty is dead arsenalj...when things go bad, your employer won't think about those 5, 10, 30 years you've served, it'll just be contemplating the most efficient way to get you out the door.

Keep your options open.
 
Spoken like a true cynic, Turkish. I'm inclined to believe that what you are saying is the case.
 
In my book, being loyal means giving your best effort at work. That's it. I am with Turkish in that a business' first responsiblity is to its bottom line, and if you stand in way of a profitable number, then tough luck.
 
I agree, when in your job, you should do your best. However, don't ever think the company is out for anything but it's best interest, sometimes the best interest is retaining valuable employees, and you may be one of them...but we should all know that can change in an instant.

Valuable is a relative term in business, because you do your job well, doesn't mean someone higher up won't move you out, because they just don't like you...it happens.
 
AJ

If you look around and actually get something you really like you can always give your current employer the opportunity to better the T & C's - either in your current position, or via a promotion / promised restructuring.

In my experience this strategy requires 2 important pre-requisites:
a) you really have to be prepared to leave and take up the other offer
b) you can't do this more than twice, as superiors will think there is risk in your retention - but that does go out of the window in times of uncertainty when you are just being sensible (and getting a market value of your worth)
 
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