This seems as good a thread as any to post in regarding my current issue.
I got pulled into HR's office on Friday and they told me they were very happy with my work, and are giving me a 5% raise. I was really happy about that.
Then said that my "bonuses" were going away.
Backstory: I get hired to a company and I get an hourly rate. 90 days later they make me full time and salary. No overtime. I did the math and realized they were paying me
for 40 hrs a week. I work waaaay more than 40 hrs a week. No HR at the time, small company. I talk with the owner and he asks if I can be paid quarterly and we'll call it a bonus to accommodate for the difference. I get money, he pays less in taxes. We agree that he'll just bonus out for 10 hrs a week. 2 years later. The work has increased exponentially. I've helped build the department and the company. They also hired another "me" in replacement of a lower level position, an assistant manager.
My raise of 5% without the quarterly "bonus" leaves me makes over 10k less a year.
HR acts surprised when they see that I'm clearly troubled by this. Explain the reason for the bonus. Explains that now that we have a new Manager I should be
able to work less. Still missing the assistant manager, and by less means I'm not working 60-80 hrs a week.
Feeling undervalued, don't want to leave as I've put so much into building this company and watched it grow. Thinking that I need to talk with the owner tomorrow
about this, not HR.
Other options, suck it up and take the hit. Find another job. Or find another job and negotiate. At another job I could be making my rate or 10 to 20k more easy. I was happy with this company making a little less but this kind of cut feels like a punishment and a bit of a betrayal. Never had to take a pay cut.
I was just about to go through buying a new car, now I'm losing almost the equivalent of what I pay in rent for the entire year.
Hope that I'm doing the right thing by talking to the owner. Or if there is no point. Any perspective on this is welcome.