Hi,
since 1st July we had a 10% cut of our salaries (company-wide). The management conditioned the return to full wages to hitting a certain revenue target for three months in a row. Interesting enough, the said target was not consistently achieved pre-Covid and the calculation does not take into consideration govt subsidies (JobKeeper that goes into 6 figures every month). Also, being a B2B operation, it is rather easy to delay a couple of invoices so the target is not reached (we came within $50K below the target so yes, I suspect it might happen). Meanwhile, the company account is getting fatter (literally, half a mil extra in last few months) while employees are struggling.
Is there anything we can do about? Maybe worth mentioning, the decision was announced during a townhall but no individual letters or negotiations took place.
Not sure if it relevant: we're not covered by any industry award, only individual employment contracts
Thank you
since 1st July we had a 10% cut of our salaries (company-wide). The management conditioned the return to full wages to hitting a certain revenue target for three months in a row. Interesting enough, the said target was not consistently achieved pre-Covid and the calculation does not take into consideration govt subsidies (JobKeeper that goes into 6 figures every month). Also, being a B2B operation, it is rather easy to delay a couple of invoices so the target is not reached (we came within $50K below the target so yes, I suspect it might happen). Meanwhile, the company account is getting fatter (literally, half a mil extra in last few months) while employees are struggling.
Is there anything we can do about? Maybe worth mentioning, the decision was announced during a townhall but no individual letters or negotiations took place.
Not sure if it relevant: we're not covered by any industry award, only individual employment contracts
Thank you
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