Quote:
Originally Posted by Mr_Draco
Ever heard of Fred's?
They are a big retailer here in the south and south east and also post up billions in profits every year. I use to work for them as part of management and a few years ago they sent out something similar. Come to find out they eliminated the assistant manager position as everything they did was already done by a couple other positions and they also eliminated the bonuses they gave out to managers.
The retailer I'm with now also did the same thing recently. They reduced the max pay of all management positions so anyone making over that took a pay cut, reduced the bonuses of Store Mangers and up, and eliminated the bonuses of all other employees.
From my personal experience, anytime a company says they are going to make changes to management it is never good. Not to be a pessimist but I only see three possible outcomes or a combination of them, 1) a cut in pay across the board, 2) reduction in bonuses, or 3) the elimination of one of the positions
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I agree.
The major rumor is that my position (MGT) and the position above me (executive assistant) are being eliminated but the people are not being let go, they are being allowed to interview for two new management positions.
Executive assistants can make well over 50k with their bonus however I do the bascially the same work and I only made 36k last year in my 4th year.
Im thinking their main "target" is to eliminate the bonus and higher salary of the position above me and give those people somewhere around a 40k salary instead of well over 50.
Again, I feel 36k is well justified for what i do every day. we are working managers, we do truck, build displays, clean, even run registers. We do not sit int he office all day and do paper work.
So im just hoping the company realizes that and keeps me somewhere around the same wage i make now.
I can totally understand cutting back executive assistant and store manager pay, but not mine, at least not by much.