New role- pay review in current climate?
Discussion
Hello,
I would appreciate a bit of advice. I have been with my current employer for 2 years now; coming in to run a challenging but strategically important part of the business that had been losing money. We are in the business of supplying major retailers with various products and I do not wish to say more for fear of incriminating myself. In that time, I have turned it around and for the first time since it started 5 years ago; we should at least break-even this financial year. In the same time, I have picked up c. £6m pa of new business including a totally new (albeit small) customer. However, it was quite cleaer that this role in the last 12 nmonths has not been enough to stimulate me and use up all of my time.
Then, in January, one of our department heads resigned and was marched off site. I was then asked to pick up 65% of his workload; involving commercial management of 2 totally new categories to me- whilst still carrying on with my previous job. I have not been promoted as such and remain as a senior manager (next level down from head). I know for a fact that the guy who left had a package 65% greater than mine. I asked at the time what would happen pay wise and was told that it would be reviewed after 3 months. I received a letter this morning informing me that my bonus will be increased by 5% (to 25% of salary); but that my salary will remain the same.
My commercial responsibility has increased from c. £7m to £25m. I have already succeeded in one new tender and led the launch on a full range of totally new branded products now listed with a very large retailer. I have already been told that I have achieved more in 3 months than the other guy achieved in 3 years. At the same time, my previous area of the business remains in the black. I am now working flat out and have already cancelled a holiday due to time constraints. I also must say that I am really enjoying the experience and opportunities.
However, I do not wish to sound ungrateful; especially in the current financial climate, but I feel that this 5% gesture is kind of taking the p*ss...
Any tips on how I should take this up with my employers whilst not appearing l;ike a spoilt brat would be much appreciated?
Sorry to ramble on!!!
Charlie
I would appreciate a bit of advice. I have been with my current employer for 2 years now; coming in to run a challenging but strategically important part of the business that had been losing money. We are in the business of supplying major retailers with various products and I do not wish to say more for fear of incriminating myself. In that time, I have turned it around and for the first time since it started 5 years ago; we should at least break-even this financial year. In the same time, I have picked up c. £6m pa of new business including a totally new (albeit small) customer. However, it was quite cleaer that this role in the last 12 nmonths has not been enough to stimulate me and use up all of my time.
Then, in January, one of our department heads resigned and was marched off site. I was then asked to pick up 65% of his workload; involving commercial management of 2 totally new categories to me- whilst still carrying on with my previous job. I have not been promoted as such and remain as a senior manager (next level down from head). I know for a fact that the guy who left had a package 65% greater than mine. I asked at the time what would happen pay wise and was told that it would be reviewed after 3 months. I received a letter this morning informing me that my bonus will be increased by 5% (to 25% of salary); but that my salary will remain the same.
My commercial responsibility has increased from c. £7m to £25m. I have already succeeded in one new tender and led the launch on a full range of totally new branded products now listed with a very large retailer. I have already been told that I have achieved more in 3 months than the other guy achieved in 3 years. At the same time, my previous area of the business remains in the black. I am now working flat out and have already cancelled a holiday due to time constraints. I also must say that I am really enjoying the experience and opportunities.
However, I do not wish to sound ungrateful; especially in the current financial climate, but I feel that this 5% gesture is kind of taking the p*ss...
Any tips on how I should take this up with my employers whilst not appearing l;ike a spoilt brat would be much appreciated?
Sorry to ramble on!!!
Charlie
Above is perhaps a bit harsh, but if you are doing the job of your own free will and actually enjoy it, it doesn't sound so bad. To approach it from a logical point of view, if you're annoyed enough to leave AND can get better elsewhere right now then give them the ultimatum. Otherwise, you don't really have a leg to stand on. And it sounds like neither of those are true...
My OH has a similar story, and actually it sounds like she works in a similar industry albeit at a level below. She was given a new level of responsibility (new product areas, new direct reports) and told she'd get a pay rise at annual review (not just "reviewed" but she'd actually get a rise - not in writing, alas). Pay review comes around, she gets nothing despite the fact that the company is now making a decent profit, recession or not, and despite the fact she's actually doing a different job. Since she is ridiculously overworked (triple the workload of her equivalent colleague, no help from her boss "because she can handle it", and criticised for working 10 hour days when everyone else is working 8), she asks if she can go back to her old job. Of course, she can't.
Next thing you know, the other woman doing the same job leaves (guess who gets her workload). She isn't being replaced. No pay rise. Next her boss leaves. Can you guess what they want her to do? Needless to say OH is very down about the whole thing, particularly as mistakes are beginning to creep in. Too conscientious for her own good unfortunately - I want to take an iron bar to the directors' faces, myself.
Feel any better about your situation yet?
My OH has a similar story, and actually it sounds like she works in a similar industry albeit at a level below. She was given a new level of responsibility (new product areas, new direct reports) and told she'd get a pay rise at annual review (not just "reviewed" but she'd actually get a rise - not in writing, alas). Pay review comes around, she gets nothing despite the fact that the company is now making a decent profit, recession or not, and despite the fact she's actually doing a different job. Since she is ridiculously overworked (triple the workload of her equivalent colleague, no help from her boss "because she can handle it", and criticised for working 10 hour days when everyone else is working 8), she asks if she can go back to her old job. Of course, she can't.
Next thing you know, the other woman doing the same job leaves (guess who gets her workload). She isn't being replaced. No pay rise. Next her boss leaves. Can you guess what they want her to do? Needless to say OH is very down about the whole thing, particularly as mistakes are beginning to creep in. Too conscientious for her own good unfortunately - I want to take an iron bar to the directors' faces, myself.
Feel any better about your situation yet?
bogwoppit said:
Above is perhaps a bit harsh, but if you are doing the job of your own free will and actually enjoy it, it doesn't sound so bad. To approach it from a logical point of view, if you're annoyed enough to leave AND can get better elsewhere right now then give them the ultimatum. Otherwise, you don't really have a leg to stand on. And it sounds like neither of those are true...
My OH has a similar story, and actually it sounds like she works in a similar industry albeit at a level below. She was given a new level of responsibility (new product areas, new direct reports) and told she'd get a pay rise at annual review (not just "reviewed" but she'd actually get a rise - not in writing, alas). Pay review comes around, she gets nothing despite the fact that the company is now making a decent profit, recession or not, and despite the fact she's actually doing a different job. Since she is ridiculously overworked (triple the workload of her equivalent colleague, no help from her boss "because she can handle it", and criticised for working 10 hour days when everyone else is working 8), she asks if she can go back to her old job. Of course, she can't.
Next thing you know, the other woman doing the same job leaves (guess who gets her workload). She isn't being replaced. No pay rise. Next her boss leaves. Can you guess what they want her to do? Needless to say OH is very down about the whole thing, particularly as mistakes are beginning to creep in. Too conscientious for her own good unfortunately - I want to take an iron bar to the directors' faces, myself.
Feel any better about your situation yet?
That all sounds very familiar to me.My OH has a similar story, and actually it sounds like she works in a similar industry albeit at a level below. She was given a new level of responsibility (new product areas, new direct reports) and told she'd get a pay rise at annual review (not just "reviewed" but she'd actually get a rise - not in writing, alas). Pay review comes around, she gets nothing despite the fact that the company is now making a decent profit, recession or not, and despite the fact she's actually doing a different job. Since she is ridiculously overworked (triple the workload of her equivalent colleague, no help from her boss "because she can handle it", and criticised for working 10 hour days when everyone else is working 8), she asks if she can go back to her old job. Of course, she can't.
Next thing you know, the other woman doing the same job leaves (guess who gets her workload). She isn't being replaced. No pay rise. Next her boss leaves. Can you guess what they want her to do? Needless to say OH is very down about the whole thing, particularly as mistakes are beginning to creep in. Too conscientious for her own good unfortunately - I want to take an iron bar to the directors' faces, myself.
Feel any better about your situation yet?
AlanKSG said:
1. You have a job
2. You got a 5% pay rise in an almost deflationary climate
3. You have a rewarding job
4. You still have a job
Go back to work & stop wasting company time on here!
I disagree, if the company is making a profit it doesn't matter what the rest of the economy is doing. That being the case, ask for more cash, you probably have them over a barrel to a large extent. If it doesn't work you could look elsewhere or set up on your own. At worst you've not lost anything (as long as you don't piss them off about it).2. You got a 5% pay rise in an almost deflationary climate
3. You have a rewarding job
4. You still have a job
Go back to work & stop wasting company time on here!
Flibble said:
AlanKSG said:
1. You have a job
2. You got a 5% pay rise in an almost deflationary climate
3. You have a rewarding job
4. You still have a job
Go back to work & stop wasting company time on here!
I disagree, if the company is making a profit it doesn't matter what the rest of the economy is doing. That being the case, ask for more cash, you probably have them over a barrel to a large extent. If it doesn't work you could look elsewhere or set up on your own. At worst you've not lost anything (as long as you don't piss them off about it).2. You got a 5% pay rise in an almost deflationary climate
3. You have a rewarding job
4. You still have a job
Go back to work & stop wasting company time on here!
Things are extremely difficult everywhere and certainly in my sector... Companies are raising the bar and expecting people to step up, with no real reward.. However said that, sometimes companies respect you if you come knocking on their door, trying to agree a better package. It shows initiative and that you want to better yourself. As long as the request is put together in a professional manner..
If you are good at what you do and feel you are not being rewarded, you should ask, what is the worse that can happen...? They say no and maybe promise you something for future, at least they know your thoughts on it.. No one here can really answer this question, as we do not understand the dynamics of your business and how they look upon rewarding people..
Good luck..
If you are good at what you do and feel you are not being rewarded, you should ask, what is the worse that can happen...? They say no and maybe promise you something for future, at least they know your thoughts on it.. No one here can really answer this question, as we do not understand the dynamics of your business and how they look upon rewarding people..
Good luck..
Always ask for money.
Leave them in no doubt that this is what you work for and that you will continue to work for it. Tell them what money you think your performance is worth and ask how you can earn more in the future.
If they think less of you for this then they are sending you a clear message.
Leave them in no doubt that this is what you work for and that you will continue to work for it. Tell them what money you think your performance is worth and ask how you can earn more in the future.
If they think less of you for this then they are sending you a clear message.
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