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Bad but expected

Scheduled Pinned Locked Moved The Lounge
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  • T Offline
    T Offline
    Tomz_KV
    wrote on last edited by
    #1

    My company just announced 10% salary cut for every one. :sigh:

    TOMZ_KV

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    • T Tomz_KV

      My company just announced 10% salary cut for every one. :sigh:

      TOMZ_KV

      E Offline
      E Offline
      Ennis Ray Lynch Jr
      wrote on last edited by
      #2

      Have you tried saying no? You might be surprised that you can walk away from a situation like that with a raise.

      Need software developed? Offering C# development all over the United States, ERL GLOBAL, Inc is the only call you will have to make.
      If you don't ask questions the answers won't stand in your way.
      Most of this sig is for Google, not ego.

      T C 2 Replies Last reply
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      • T Tomz_KV

        My company just announced 10% salary cut for every one. :sigh:

        TOMZ_KV

        O Offline
        O Offline
        Oakman
        wrote on last edited by
        #3

        Tomz_KV wrote:

        My company just announced 10% salary cut for every one

        Better that than some folks lose their jobs altogether.

        Jon Smith & Wesson: The original point and click interface Algoraphobia: An exaggerated fear of the outside world rooted in the belief that one might spontaneously combust due to global warming.

        T 1 Reply Last reply
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        • E Ennis Ray Lynch Jr

          Have you tried saying no? You might be surprised that you can walk away from a situation like that with a raise.

          Need software developed? Offering C# development all over the United States, ERL GLOBAL, Inc is the only call you will have to make.
          If you don't ask questions the answers won't stand in your way.
          Most of this sig is for Google, not ego.

          T Offline
          T Offline
          Tomz_KV
          wrote on last edited by
          #4

          That is a good wishful thinking. The bosses took more cut.

          TOMZ_KV

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          • O Oakman

            Tomz_KV wrote:

            My company just announced 10% salary cut for every one

            Better that than some folks lose their jobs altogether.

            Jon Smith & Wesson: The original point and click interface Algoraphobia: An exaggerated fear of the outside world rooted in the belief that one might spontaneously combust due to global warming.

            T Offline
            T Offline
            Tomz_KV
            wrote on last edited by
            #5

            Very true. That was the comments from most people I heard after the announcement.

            TOMZ_KV

            1 Reply Last reply
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            • T Tomz_KV

              That is a good wishful thinking. The bosses took more cut.

              TOMZ_KV

              L Offline
              L Offline
              Lost User
              wrote on last edited by
              #6

              Good leadership.

              Visit http://www.notreadytogiveup.com/[^] and do something special today.

              S 1 Reply Last reply
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              • L Lost User

                Good leadership.

                Visit http://www.notreadytogiveup.com/[^] and do something special today.

                S Offline
                S Offline
                Single Step Debugger
                wrote on last edited by
                #7

                And/or a good survival instincts.

                The narrow specialist in the broad sense of the word is a complete idiot in the narrow sense of the word. Advertise here – minimum three posts per day are guaranteed.

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                • T Tomz_KV

                  My company just announced 10% salary cut for every one. :sigh:

                  TOMZ_KV

                  T Offline
                  T Offline
                  ToddHileHoffer
                  wrote on last edited by
                  #8

                  Wow. You should get every other Friday of then. 10% pay cut should go along with a 10% cut in hours that you work. Keep your resume updated and keep your eyes open for another position...

                  I didn't get any requirements for the signature

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                  • T Tomz_KV

                    My company just announced 10% salary cut for every one. :sigh:

                    TOMZ_KV

                    D Offline
                    D Offline
                    Dalek Dave
                    wrote on last edited by
                    #9

                    Better 10% than 100%!

                    ------------------------------------ "Your manuscript is both good and original. But the part that is good is not original, and the part that is original is not good." Dr Samuel Johnson

                    K 1 Reply Last reply
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                    • T Tomz_KV

                      My company just announced 10% salary cut for every one. :sigh:

                      TOMZ_KV

                      C Offline
                      C Offline
                      Chris Austin
                      wrote on last edited by
                      #10

                      Tomz_KV wrote:

                      My company just announced 10% salary cut for every one

                      So will you be doing 10% less work? Did the company agree in writing to repay you the difference after a period of time?

                      Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long

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                      • C Chris Austin

                        Tomz_KV wrote:

                        My company just announced 10% salary cut for every one

                        So will you be doing 10% less work? Did the company agree in writing to repay you the difference after a period of time?

                        Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long

                        T Offline
                        T Offline
                        Tomz_KV
                        wrote on last edited by
                        #11

                        No. Work load and hours will be the same. This is the cut for every one including bosses who in fact took 15% cut.

                        TOMZ_KV

                        C 1 Reply Last reply
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                        • T Tomz_KV

                          My company just announced 10% salary cut for every one. :sigh:

                          TOMZ_KV

                          M Offline
                          M Offline
                          Mel Padden
                          wrote on last edited by
                          #12

                          Same thing was announced at my place just before Christmas.... :-( still, could be worse. Smokie, this is not 'Nam. This is bowling. There are rules. www.geticeberg.com

                          T 1 Reply Last reply
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                          • M Mel Padden

                            Same thing was announced at my place just before Christmas.... :-( still, could be worse. Smokie, this is not 'Nam. This is bowling. There are rules. www.geticeberg.com

                            T Offline
                            T Offline
                            Tomz_KV
                            wrote on last edited by
                            #13

                            In this economy, this is a better result.

                            TOMZ_KV

                            1 Reply Last reply
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                            • E Ennis Ray Lynch Jr

                              Have you tried saying no? You might be surprised that you can walk away from a situation like that with a raise.

                              Need software developed? Offering C# development all over the United States, ERL GLOBAL, Inc is the only call you will have to make.
                              If you don't ask questions the answers won't stand in your way.
                              Most of this sig is for Google, not ego.

                              C Offline
                              C Offline
                              Chris Austin
                              wrote on last edited by
                              #14

                              Spot on. It seems many people in this industry are unable or too frightened to negotiate or think laterally in good times let alone difficult times.

                              Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long

                              1 Reply Last reply
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                              • T Tomz_KV

                                No. Work load and hours will be the same. This is the cut for every one including bosses who in fact took 15% cut.

                                TOMZ_KV

                                C Offline
                                C Offline
                                Chris Austin
                                wrote on last edited by
                                #15

                                Wow. Seems like the only winner in this is the company.

                                Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long

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                                • T Tomz_KV

                                  My company just announced 10% salary cut for every one. :sigh:

                                  TOMZ_KV

                                  C Offline
                                  C Offline
                                  caspianx67
                                  wrote on last edited by
                                  #16

                                  In a company I used to work for, the salary cuts were announced about 3 weeks before the layoffs commenced. They used a sliding scale: senior execs took the biggest whack, and office admin types the least -- I think mine about about 25% or something like that. Severance was 1 week pay per year of service. But, the severance packages were calculated using the "new and improved" salaries! :wtf: Not saying it's going to happen where you are, but as others have noted, keep your ear to the ground and get that resume up to date! Hope your situation turns out alright... -matt

                                  Matt Newby President, Matt Newby Enterprises, Inc. matt@mattnewby.com

                                  1 Reply Last reply
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                                  • C Chris Austin

                                    Wow. Seems like the only winner in this is the company.

                                    Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long

                                    J Offline
                                    J Offline
                                    Joe Woodbury
                                    wrote on last edited by
                                    #17

                                    Really, seems like staying in business helps all those employed by the company. Furthermore, how do you know the company isn't running in the red even with the pay cuts?

                                    Anyone who thinks he has a better idea of what's good for people than people do is a swine. - P.J. O'Rourke

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                                    • J Joe Woodbury

                                      Really, seems like staying in business helps all those employed by the company. Furthermore, how do you know the company isn't running in the red even with the pay cuts?

                                      Anyone who thinks he has a better idea of what's good for people than people do is a swine. - P.J. O'Rourke

                                      C Offline
                                      C Offline
                                      Chris Austin
                                      wrote on last edited by
                                      #18

                                      Joe Woodbury wrote:

                                      Really, seems like staying in business helps all those employed by the company.

                                      In very simplified terms, I view employment as an agreement to kick ass doing work in return for a pre-agreed compensation. Even more simplified, I am trading my time, skills, experience and, knowledge for money. A move like this regardless of the motivation imo devalues everything that I bring to the table unless they offer something in return. Looking at this from the 1000 ft away basically the OP has been told that he is going to get paid less and if he doesn't like then too bad. Not what I would call a fair exchange. I am assuming here that they weren't allowed any input on this decision

                                      Joe Woodbury wrote:

                                      Furthermore, how do you know the company isn't running in the red even with the pay cuts?

                                      I wouldn't care unless I was a significant share holder, board member or, owner. If that is the case, then why even stay with the company; this may just be a prelude to the doors being padlocked one morning.

                                      Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long

                                      J 1 Reply Last reply
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                                      • C Chris Austin

                                        Joe Woodbury wrote:

                                        Really, seems like staying in business helps all those employed by the company.

                                        In very simplified terms, I view employment as an agreement to kick ass doing work in return for a pre-agreed compensation. Even more simplified, I am trading my time, skills, experience and, knowledge for money. A move like this regardless of the motivation imo devalues everything that I bring to the table unless they offer something in return. Looking at this from the 1000 ft away basically the OP has been told that he is going to get paid less and if he doesn't like then too bad. Not what I would call a fair exchange. I am assuming here that they weren't allowed any input on this decision

                                        Joe Woodbury wrote:

                                        Furthermore, how do you know the company isn't running in the red even with the pay cuts?

                                        I wouldn't care unless I was a significant share holder, board member or, owner. If that is the case, then why even stay with the company; this may just be a prelude to the doors being padlocked one morning.

                                        Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long

                                        J Offline
                                        J Offline
                                        Joe Woodbury
                                        wrote on last edited by
                                        #19

                                        Chris Austin wrote:

                                        unless they offer something in return.

                                        Yeah, continued employment and benefits.

                                        Anyone who thinks he has a better idea of what's good for people than people do is a swine. - P.J. O'Rourke

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                                        • J Joe Woodbury

                                          Chris Austin wrote:

                                          unless they offer something in return.

                                          Yeah, continued employment and benefits.

                                          Anyone who thinks he has a better idea of what's good for people than people do is a swine. - P.J. O'Rourke

                                          C Offline
                                          C Offline
                                          Chris Austin
                                          wrote on last edited by
                                          #20

                                          Joe Woodbury wrote:

                                          Yeah, continued employment and benefits.

                                          You are ignoring the very point you made to me. There is no way of knowing if the company will still be around in 1 year, 6 months or, even 1 week. Unless there is some promise to pay the back salary and benefits or added ownership in the company I just don't see the point in becoming a sharecropper.

                                          Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long

                                          J 1 Reply Last reply
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