Timeline for Total potential earnings have been reduced, how to deal with?
Current License: CC BY-SA 3.0
17 events
| when toggle format | what | by | license | comment | |
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| Jul 8, 2015 at 1:24 | history | tweeted | twitter.com/#!/StackWorkplace/status/618591517997957120 | ||
| Jul 8, 2015 at 0:09 | answer | added | keshlam | timeline score: 0 | |
| Jul 7, 2015 at 19:31 | comment | added | JonH | Businesses are in it to save and make more money, it sounds like you or everyone in the company got shafted. I'd bring it up sooner rather than later...but expect nothing will be done if this is a company wide change. | |
| Jul 7, 2015 at 14:57 | history | edited | Giacomo1968 | CC BY-SA 3.0 |
deleted 1 character in body
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| Jul 7, 2015 at 14:31 | answer | added | Bill Leeper | timeline score: 1 | |
| Jul 7, 2015 at 14:04 | answer | added | Joe Strazzere | timeline score: 5 | |
| Jul 7, 2015 at 13:55 | answer | added | enderland | timeline score: 3 | |
| Jul 7, 2015 at 13:54 | answer | added | HLGEM | timeline score: 1 | |
| Jul 7, 2015 at 13:47 | comment | added | HLGEM | This is why you should under no circumstances consider bonuses as part of your compensation when deciding to take a job. They are an extra, a nice to have, but never base your lifestyle on anything except your base salary. Bonuses flucate up and down as business fluctuates. Some years companies don;t give them at all. Never pick a job thinking that the 20% bonus is forever a part of your salary as it is not. Be wary of any company that offers a high bonus instead of a high salary. | |
| Jul 7, 2015 at 13:42 | comment | added | Myles | Do they think you have accepted this or that you are taking time to consider? | |
| Jul 7, 2015 at 13:18 | comment | added | Vietnhi Phuvan | They reconfigured your compensation so that they'd pay you less - that's the goal. You can pursue the matter with them if you want, but my presumption is that they made up their minds to be stingy with bonuses going forward. Your lament that your current compensation is less than last year's is likely to fall on deaf ears. As I said, they already made up their minds. Whether you want to pursue the matter now or wait one or two weeks makes no difference to the outcome. | |
| Jul 7, 2015 at 12:46 | comment | added | nvoigt♦ | Well, in Germany, it is implied that an employee will accept a contract change that says he will receive more money and nothing else changes. But for example shifting between a fixed and a bonus payments would be something one would have to sign if it was originally stated in the contract. Any change of contract needs to be agree upon by both. In your situation, the question if it is ok to let it sit for a week would depend on your laws... if you don't object ASAP, it might be seen as agreement. | |
| Jul 7, 2015 at 12:40 | comment | added | Richard Tan | Yep, interesting. In Australia, your salary is usually increased annually without any need a signature of the recipient. This situation however, is a gray area regarding whether its an increase or a decrease. | |
| Jul 7, 2015 at 12:38 | comment | added | nvoigt♦ | Not where I live, that's why I'm asking. If you live in a state of at-will-employment, then a contract is worth nothing. But not everybody does. Sometimes, a contract is a contract and can only be changed if both parties agree. | |
| Jul 7, 2015 at 12:35 | comment | added | Richard Tan | I don't see why not? If a company chose to demote you and reduce your pay, it would be happening whether you choose to sign a piece of paper or not..Edit: this issue isn't a demotion | |
| Jul 7, 2015 at 12:32 | comment | added | nvoigt♦ | Can your salary be changed without you signing anything? | |
| Jul 7, 2015 at 12:26 | history | asked | Richard Tan | CC BY-SA 3.0 |