Offered a pay cut

[aladin42]

My company decided to get some cash and they called almost everybody and basically told us that they can't afford to pay us the salaries they do so they have to do some pay cuts! So I have been offered a pay cut. Believe it or not and it is final, nonnegotiable; if I chose to turn down their offer than I have to accept termination. Is this legal? Does anybody have any experience like this? I don't know what to do. All my responsibilities are the same, nothings changed, just the pay!

[Tsveta]

Do you know the reason for that pay cuts? Do they want to cut on their expenses or their income is less then expected? Did they give you any explanation? If you think this is wrongful you can consult with a lawyer. Some law firms provide free of charge initial consultations. You can consult an employment law specialist.
Here is a link to Canadian laywers’ directory: http://getlawyer.ca/
I hope it will help you!

[aladin42]

they said that they didn't get the revenue they expected and in order to keep their employees they need to do some pay cuts...I accepted but I'm looking for a new job because I don't feel comfortable now and they can let some of go at any time I think...


:rolleyes:

[lana]

they said that they didn't get the revenue they expected and in order to keep their employees they need to do some pay cuts...I accepted but I'm looking for a new job because I don't feel comfortable now and they can let some of go at any time I think...


:rolleyes:



I think you've made the right choice. Don't walk away, keep looking for new opportunities and when you find new job, give your notice. I guess a lot of people there have already started to look around.

;)

[aladin42]

I think you've made the right choice. Don't walk away, keep looking for new opportunities and when you find new job, give your notice. I guess a lot of people there have already started to look around.

;)


I spoke with some colleagues and they have start looking already. With the inflation and all nobody wants his wages decreased....

[contractor]

My company decided to get some cash and they called almost everybody and basically told us that they can't afford to pay us the salaries they do so they have to do some pay cuts! So I have been offered a pay cut. Believe it or not and it is final, nonnegotiable; if I chose to turn down their offer than I have to accept termination. Is this legal? Does anybody have any experience like this? I don't know what to do. All my responsibilities are the same, nothings changed, just the pay!


You can never know what the real reason is but my suggestion is to find a contract in your field. This will give you a peace of mind. And with every new contract you can increase your salary :)

[lookingforjob]

This is a serious matter, and your best bet is to contact lawyer and discuss it with him/her.

[Tsveta]

This is a directory of lawyers (http://www.getlawyer.ca/)across Canada. I would suggest contacting lawyer specializing in employment law.

[metoo]

My company decided to get some cash and they called almost everybody and basically told us that they can't afford to pay us the salaries they do so they have to do some pay cuts! So I have been offered a pay cut. Believe it or not and it is final, nonnegotiable; if I chose to turn down their offer than I have to accept termination. Is this legal? Does anybody have any experience like this? I don't know what to do. All my responsibilities are the same, nothings changed, just the pay!

I'm curious what happened? Did you take the pay cut? Give us some more details.

[aladin42]

Hi there, thanks for asking. It is all behind me now. I took the offer but immediately started to look for a new job and now I work no longer for them. I found a new job which I really like. So at the end all this was for better. :)


I'm curious what happened? Did you take the pay cut? Give us some more details.

[Ascended]

yah, definately that's retarded, see I haven't worked at a job with salary yet, as i'm still in uni, but I would be pissed off- stay with them only until you can find another job, or stage mass rebellion! '):D

[mattpiloto]

they said that they didn't get the revenue they expected and in order to keep their employees they need to do some pay cuts...I accepted but I'm looking for a new job because I don't feel comfortable now and they can let some of go at any time I think...


:rolleyes:

That's exactly what I would do. I think you've done the right thing. If that is how much they value you, let them find someone else.

[Elle]

Im sorry to hear about you r pay cut , i didnt even know they could do that so you may want to speak with an employment attorney to explore all of your legal options and your rights.



Once you know the facts and think you may wish to continue at your current job, see if you can negotiate to make the pay cut more palatable to you.

Some areas to negotiate can include your weekly hours and where you work. Suggest a reduced schedule, such as a four-day workweek. Or try to arrange to telecommute to reduce your commuting costs.

You can also negotiate around stock options, if you still believe the company is viable -- and valuable. If you don't have any stock options, ask for some. If you have some, try to get more. If you're not sure what the shares are worth and where the company is headed, do some research on Yahoo! Finance and Yahoo! News.

Finally, ask the company for a written agreement around the salary cut, when your old pay rate might be reinstated and if there will be any recompense for lost wages. Your supervisor may balk, but if you work for a small company, you may be able to negotiate this. But i would definitly start looking for a new job ASAP .

If you have an employment contract, you may be able to refuse the cut altogether or at least quit and collect unemployment, but only if the contract states terms of compensation and says that your employer cannot alter the terms without your consent. The pay cut could constitute a breach of contract and an attorney can help you negotiate the terms of your release or fight for your full pay.

[aladin42]

Thanks Elle for you thoughts. I should have known better... anyway it is all behind me now. I found a new job that I really like. So at the end all this was for better.