My workplace is going through a bit of a re-organisation with some very unfortunate financial consequences for a bunch people - and I'm in charge of dealing with the parts that affect my own department. I'm actually quite proud to say that, so far, I've managed to negotiate an individually tailored solution for every single one of my affected employees that makes sure they get paid the same or more than previously.
Which leaves me with one unfortunate case to resolve: myself!
I'm looking at a number of options, all of which come with a few pros & cons:
OPTION 1: STAY PUT IN MY CURRENT POSITION
Cons: I lose some 10k pa in terms of salary altogether.
I'm a high earner and I live on my own, so I could easily afford this from a purely financial perspective. But I'm also extremely good at what I do and - for reasons of fairness - don't think I should be accepting a massive cut to my salary out of principle. I also fear I may put myself into a poor negotiating position going forward if I signal to the firm that I'm happy to accept a cut of this magnitude.
I advised all of my current employees against this option.
OPTION 2: TRANSFER MY CONTRACT TO LOCAL SUBSIDIARY
Pros: 15% salary increase and the potential to instantly grow the number of people theoretically working under about 5 times (looks good on any CV).
Cons: Losing pretty much all of my other perks, losing any and all benefits from having built a massive professional network at the parent company over the years and basically starting from scratch. Accepting the limited professional growth potential available to someone with my profile at the subsidiary.
I negotiated this option for several of my employees and genuinely believe that it's the best solution for them. Their profiles (all classical technical types) are all rather different from my own (typical consultant/manager type with a technical background), though.
OPTION 3: TRANSFER MYSELF TO A DIFFERENT DIVISION
Pros: I get to keep all my benefits and most probably my current salary (to be confirmed). Mid to long-term career prospects are better. I'm a very good profile match.
Cons: Different paygrade structure. I'd have to also negotiate a simultaneous promotion (always difficult outside of ordinary processes) or demotion (possibly a bad idea for the very same reasons as accepting the 10k cut) as my current pay grade doesn't exist there.
This is the option that my own bosses have opted for and are advising me to take - however, their exact paygrade equivalents, unlike mine, do exist.
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Advice requested re. re-org - WWYD?
10 replies
TERFousBreakdown · 10/04/2018 17:20
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