Wow II Bosses taking pay freezes.

February 18, 2009 by
Filed under: Cost of living, Jobs & Work, Life in New Zealand 

Following on from yesterday’s blog about Fisher and Paykel, I have another beef about the number of bosses coming out and saying that they are making the ultimate sacrifice and not taking a pay rise this year. All to help New Zealand through the tough economic times.

Why am I peeved?

Because in the IT industry – I don’t actually know of anyone who has had a pay rise for years without having tthumbs-downo change companies to do so. We know of several people who are earning the same this year as they did 5 years ago. Because they have stayed with the same company. Only those staff who, like my hubby, have been prepared to up sticks and get a different job, have managed to earn more each year.

So why the hells were the bosses and managers getting rises when the company can’t afford to pay the staff a raise??? Many of these companies don’t even pay out the bonuses.

What makes this so unsavoury is that if you do not get a yearly pay rise – you are effectively taking a pay cut – because the cost of living increases year after year. You earn the same – yet petrol costs more; food costs more; your rates go up.

Too right management level staff shouldn’t get a pay rise if the company can’t afford to increase the pay of the staff. Ok – it’s understandable if you are not pulling your weight. If you do a bad job. If you don’t turn up for work on time. But the people we see going through this are pulling long hours and busting their guts to do a bloody good job. And if you finally turn round and say, “I want a pay raise” – you had better be prepared to spend about a year of your life justifying it.

Let’s be clear about this: until last year – New Zealand was in the midst of an economic boom, and yet pay rises were not being given to even exceptionally good, and highly skilled workers. All the while – senior managers and executives WERE getting increases.
thhbt

Related posts:

  1. Wow – big cheeses are taking pay cuts!
  2. A Nine-Day Fortnight for New Zealand?
  3. Dilbert says it all really.
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One Comment on Wow II Bosses taking pay freezes.

  1. » Wow II – bosses taking pay freezes. on Wed, 18th Feb 2009 7:57 am

    2. [...] [Technorati] Tag results for finance wrote an interesting post today onHere’s a quick excerptWow II – bosses taking pay freezes. February 18th, 2009 Following on from yesterday’s blog about Fisher and Paykel, I have another beef about the number of bosses coming out and saying that they are making the ultimate sacrifice and not taking a pay rise this year. All to help New Zealand through the tough economic times. Why am I peeved? Because in the IT industry – I don’t actually know of anyone who has had a pay rise for years without having to get change companies to do so. We know of [...]

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