Last Updated: November 16. 2009 1:00AM

6 rules if the boss is a buddy

You have lunch together every day, grab an occasional drink after work, and have gotten each other through work-related crises. So wouldn't it be strange if your office buddy became your new boss?

It's more likely to happen in the current economic environment as hiring freezes force companies to promote from within, says Stephen Viscusi, a New York-based author and career consultant.

Becoming your friend's subordinate may not be easy, but chances are he or she will be counting on your loyalty, Viscusi said. Still, the dynamic of your friendship at work will inevitably change.

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"You may not want peers in the same department to even know you have a personal relationship," Viscusi said. "It can get very sticky."

Viscusi gives these rules for dealing with a friend you are now reporting to:

Remember this is now your boss, and he has his own job on the line. Don't flaunt your friendship or ask for special favors.

Congratulate him or her first, then ask what you can do to make the job easier and transition faster.

Let your friend, now your superior, take the lead on what his priorities are: your friendship, or the role of being boss.

If you notice a change in your friendship and still need and like your job, accept the change. New friends are far easier to come by today than new jobs.

Associated Press

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    The big one: Consumer Price Index for October on Thursday.
    Today: October retail sales, business inventories for September. ... Tuesday: October Producer Price Index and industrial production, Treasury releases September money flows data for September and National Association of Home Builders releases November index for housing market. ... Wednesday: October housing starts index ... Thursday: Conference Board releases leading indicators for October.

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