He has been offered a 'significant pay rise' and has gone from 'Head of' to 'Director of'. We have no idea at the moment the level of pay rise.
When I discussed it with my Father his immediate reaction was to ask me if the company was Limited or not, as if it's not Limited DP could be liable for any problems, debts etc. It is Limited and they have lifted some of the employees up to Directorship level after the COO left and they decided they didn't need to replace him. They have then brought in a few new people, one as a Director also, another few to be reporting to them.
I just want to check this is actually a good thing? I had a quick google this morning and it seems that Directors and small limited companies seem to go hand in hand and I see a lot of talk about dividends (I assume this is where the company is owned by the a Director and they are choosing dividends over a salary).
I just want to understand why they have chosen to structure the job titles in this way and to check it is actually good news and it's not going to bite our arse in some way later.
Thank you.
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DP has been given a promotion and made a Director at work - small Limited company
15 replies
sebsmummy1 · 06/06/2015 07:45
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