Annual Review Time

platypus

platypus

platypus

Caporegime
Joined
25 Jul 2003
Posts
40,563
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FR+UK
It's that dreaded time of year again..or is it?

Anyway, straight off the bat I'm asking for a 30% pay rise. Justified? Probably asking for too much, but having said that I'm essentially now doing the job of two people; reason being my company asked me to take over some duties whilst they tried to fill a position - I've subsequently learnt they haven't even looked for a new person.

That aside. I was thinking - its illegal for companies not to offer access to at least a third party pension if they have more then four employees. This company has had more then four employees since its inception, yet has never offered such a thing. I've been here two years - I was considering, after some debating, agreeing not to a 30% pay rise, but dropping my figure (to..maybe 15%), and then asking for a contributary final salary pension. Oh, and then asking them to backdate the monthly payments for such a scheme for the two years I've been here. And then point out to them that not offering access to a pension is illegal..

Thoughts?
 
Firstly, the rules are if you have 5 or more employees you must offer a stakeholder pension.

Secondly, the company is under no obligation to contribute to the scheme.

Thirdly, nobody in their right mind will offer a final salary scheme nowadays and most are disappearing from the workplace.

Lastly, good luck with your 30% rise. I have found by bitter experience it is best to negotiate this, even as a temporary fill in measure, at the time you are asked to do more work just in case it becomes permanent later. As you will find now, it will be very difficult to get paid for the extra work you have already done. Also, unless you are now working more hours, they might try and argue with that you have taken on those extra duties within your normal times and that your contract of employment states "all reasonable work requests" and that clearly previously you didn't have enough to do.

The last point does not apply though if the extra duties involved more responsibilty/senior job role.
 
I would get owned if I asked for 30% :) They would probably lol for a bit... and I would start laughing to.. just to make it look like I was joking..

Then ask for 10% :)
 
Chosen the perfect time to ask for a pay rise as well. World-wide economic down turn and asking for 30%. I'd be suprised, very, very suprised if you got anywhere near that. In fact I'd be unbelievably suprised if it got into double-figures. For future reference if people want to make you work covering two-jobs then is the time to negotiate. As Greebo said you're trying to now negotiate for something that has already happened. Also if you are thinking of playing the 'company won't survie without me - I'm off' card then just think about the millions of people out there without a job and those who have just been made redundant.

We won't be getting much in the place I work and most of us will be happy with having a job.



M.
 
m4cc45 said:
SNIP



M.
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All very valid points as well. With forecasts for this next year showing we might be heading into deflation which will result in annual paycuts and the fact that on a daily basis we are receiving speculative cv's from skilled, qualified people I fear that you may have missed your boat on your payrise depending on what industry your company is in.
 
back-dated pension contributions are most unlikely I would think!

What sector are you in? Confident that your organisation has the cash flow to suck up your lofty expectations?
 
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I thought this was the company you are/were going to leave because there is a draught in the office? Or have you changed jobs now?

Any chance you could film the boss when you ask for a 30% rise, especially as you intimated in previous threads you thought they wanted rid of you.
 
you would want to be doing twice the amount of hours to justify that.
if i was your boss, i would be questioning why you have been slacking the last few years as clearly you could have been working harder.
 
Nothing wrong with a little bit of ambition....

No wonder this forum is filled with pointless threads moaning that people are on a rubbish £xxk salary. If you don't ask you don't get.
 
Greebo said:
Firstly, the rules are if you have 5 or more employees you must offer a stakeholder pension.

Secondly, the company is under no obligation to contribute to the scheme.
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I know this.

Thirdly, nobody in their right mind will offer a final salary scheme nowadays and most are disappearing from the workplace.
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Yeah I know this too - just thought I'd throw that in there :p.

Lastly, good luck with your 30% rise. I have found by bitter experience it is best to negotiate this, even as a temporary fill in measure, at the time you are asked to do more work just in case it becomes permanent later. As you will find now, it will be very difficult to get paid for the extra work you have already done. Also, unless you are now working more hours, they might try and argue with that you have taken on those extra duties within your normal times and that your contract of employment states "all reasonable work requests" and that clearly previously you didn't have enough to do.

The last point does not apply though if the extra duties involved more responsibilty/senior job role.
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Aye I am hoping to negotiate this - by setting a high figure I was hoping to settle for about 15%. Going in at 30% might be too high. But then I am essentially doing the job of another guy, and they did lie to me..

Skidder said:
back-dated pension contributions are most unlikely I would think!

What sector are you in? Confident that your organisation as the cash flow to suck up your lofty expectations?
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Software, they have the cash :).

dannyjo22 said:
Any chance you could film the boss when you ask for a 30% rise, especially as you intimated in previous threads you thought they wanted rid of you.
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Aye, a few things I thought about them made me think that. Sadly for them, and lucky for me, the other guy I worked with on various projects left - so they couldn't fire me :p.

m4cc45 said:
Chosen the perfect time to ask for a pay rise as well. World-wide economic down turn and asking for 30%. I'd be suprised, very, very suprised if you got anywhere near that. In fact I'd be unbelievably suprised if it got into double-figures. For future reference if people want to make you work covering two-jobs then is the time to negotiate. As Greebo said you're trying to now negotiate for something that has already happened. Also if you are thinking of playing the 'company won't survie without me - I'm off' card then just think about the millions of people out there without a job and those who have just been made redundant.

We won't be getting much in the place I work and most of us will be happy with having a job.
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Left this 'til last because it raises some more points. I'm not expecting anywhere near 30%, but I want at least double figures (I would settle for 10%) because of all the extra work I'm doing.

I'm also under no illusions that the company will survive and profit well without me, but the sad thing is as soon as I find a job I want to apply for I will be doing so, and I can comfortably survive 6-8 months with no job. So in one regard I've not got that much to lose.

Morba said:
you would want to be doing twice the amount of hours to justify that.
if i was your boss, i would be questioning why you have been slacking the last few years as clearly you could have been working harder.
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I've been working more unpaid overtime in the last six months then is healthy, and I'm not taking Christmas or New years off to cover the office, by myself. And they specifically told me this extra work would only be until they replaced John in November. I've since been told by my Project manager that they haven't even started to look, and have no plans too anymore.

Deluxe1 said:
Expecting a 30% rise in the current climate,you must be seriously deluded.
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Oh do be quiet. I'm not expecting anywhere near that.
 
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I still think 10% is very high. Yes software companies have money (well depending on the software produced) but most companies are now hoarding there money away and making cutbacks. Some of my mates work for companies that have billions stashed away yet still made people redundant to keep the costs down.

It's a sad situation. If you really are doing that much overtime then, certainly, try and get a raise but I'd try and be a bit more realistic.



M.
 
m4cc45 said:
It's a sad situation. If you really are doing that much overtime then, certainly, try and get a raise but I'd try and be a bit more realistic.
M.
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Really? Given that inflation is quite high at present (I know the government has just released figures of 4.1% but I dont believe those for a second.

Nitefly said:
When does this take place? I want to keep an eye on this thread and see how it goes :)
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2 minutes. I will post in 35 minutes how it went - assuming I still have a job :p.
 
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