As it stands the small tech company I currently work for is being bought out by a large multinational company with the finalisations to be made tomorrow. It has been in the pipeline for a fair few months but I was told about this within the last two months. I started this job just over a year ago and had my 6 month appraisal which, from what I gather, is not really an opportunity to negotiate salary and so it was not discussed. My yearly review has come up but as my boss has been so busy with the take over it hasn't been possible to organise. As far as I am aware this has been the same for everyone within the business and has not been raised as an issue by any of them.
This didn't seem a problem to me until I realised we will be signing new contracts with our new parent company. In these contracts it states that pretty much everything will remain the same, however the date for salary renewal on my new contract is Jan 2017. This would then be 2 and a quarter years after first starting the role and I feel that it is a little unfair that I at least do not have a chance at entering contract negotiations. I would certainly like to have the opportunity to discuss my salary prior to this.
How can I make sure that I get an opportunity to address this without being locked into my starting wage for an unreasonable period?
To add a bit more understanding to the situation one of my previous colleagues left a similar role to mine mid-takeover. This was before he knew of the takeover. The company has now had interviews for more people in his role and I am also have the knowledge that the interviews are being encouraged to hire at least one of the applicants. This is because the business is very much expected to grow over the coming years.
The Outcome - I think it is useful to tell people of my outcome should they be put in a situation like this.
Prior to the buy-out I spoke to my manager and highlighted my problem with the new contract. It turns out that the contract is a standard contract for the company and so only one or two section are ever changed - and not the one containing renewals. However, into my Letter of Employment there was written a part saying that due to the immediate pressures on HR and resources there would be a one off salary review within the first 6 months of joining. This seems like a fair compromise and also gives me time to show the parent company my true worth.