To be seriously pissed off with my workplace?

[NapQueen]

They are moving me from salaried onto hourly paid, which is having a knock on effect on my income. They've offered everyone a bridging loan which I feel I have no choice but to accept as dh and I cannot cover the bills with the new amount (just for January as once the next month comes it'll be normal wage again).

Loan repayments are then split over 3 months (including the month the loan is given).

The trouble is I am also job hunting and have an interview this month. Should I get the job the outstanding loan due will be taken from my final wage. So massively reduced income that month, added to the fact that new job will probably not pay me straight away.

I feel really really stuck.

I must say this is bizarre of them - most industries have moved people who work full time from hourly paid to monthly across all parts of the business..

Assuming that the rate of pay is the same, then it isn't a change of contract - hence legal.

With regard to the 'loan' - this will be treated as taxable pay, but then the repayments will also be taken off salary before the balance is taxed.

Ie month one - extra £900 gross, equals extra £600 net.

Month two, deduct £300 gross, equivalent to a deduction of £200 net or so.

If you are hourly paid, is there scope to get paid for 'overtime' that you may currently be doing for free?

Agree the business sounds in trouble - are they American, as they tend to have wierd ideas on UK payroll?

Yep I think they are in trouble. They are restructuring the top levels within each branch and making lots of the senior positions "multi property".

And yep to American company.

I don't do any overtime as my job doesn't really call for it but I will be volunteering for extra shifts!

I think that as you know you may struggle financially at least it gives you the opportunity to prepare.

So don't spend any money you don't need to, look at your bills to see if you can pay any later, can you take a mortgage 'holiday', will your landlord let you pay later.

I'm not sure if your local council is the same but we don't pay any council tax in Jan or Feb.

You will not be taxed on the loan. It's a salary advance; you can't possibly be charged twice on the same income.

It might also be worth going on the money saving expert to check to see if you can reduce your out going e.g. Utility bills. Check entitled to website to see if you will be entitled to any benefits on your lower wage.

What a rubbish situation! Bit random but have you looked at British Gas to fix your boiler? They do this deal where you pay a fixed fee of £99 to fix the boiler if you sign up to their home care plan thing for a year is about £20 a month and that includes a service. You could always cancel after the first year but might help the cash flow situation a bit? Good luck!

That boiler deal would massively help us out! I'd need to ring them with the known fault and check they are able to accept that repair as the part alone is 430 quid!

Will try to link

www.britishgas.co.uk/products-and-services/boilers-and-central-heating/boiler-repairs.html#repairandcover

We did it when our boiler broke before Christmas. They came out 5 times and replaced 4 parts, all for the £99!

Wow that's impressive!