Our office has recently been taken over by another VC, who coincidentally owns one of our competitors. Needless to say, it has upped our profile as the No.1 agency in Malaysia, possibly the world too. The competitor company, in Malaysia at least, is, unfortunately well known for its cut-throat policies, resulting in much dispopularity within the industry, peers and clients alike. Our company, on the other hand, did tremendously well in previous years, quite popular in the industry and one of the bigger players in town. Safe to say that the new owners are lucky that they are acquiring a profitable company, not a losing one.
Which is to our huge disappointment that the owner has appointed the CEO of the loser company to head the new, merged companies. Only reason for this, I hear is because our own CEO had passed away earlier this year and there is no one else befitting our CEO's chair since. With this new incoming, big changes are being implemented, particularly upsetting us is in the amendments of employee benefits and new bonus (bogus) scheme.
Together, a group of us shortchanged staff are putting together a memo to the new management, protesting the changes. It is hard not to get emotional as this is our livelihood that's on the line. We have all been working our assess off for the company, generating decent bonuses in the course and enjoying the wonderful working environment that's been the envy of our competitors. With the new cutbacks on benefits and impossible bonus scheme, all we have left is our monthly salary, which is peanuts, to get through the day to day. Previously, we are ok with the low salary coz we know that we would be rewarded with good bonuses provided we reach the fee target set by the company. And a handsome extra if we exceed the targets. That is why I love this company and stayed for the past 5 yrs, regardless of the low salary. I work hard every year for that big fat bonus cheque.
I have to approach this issue carefully as I'll be going off on maternity leave soon and I don't want this to have any repercussions upon my return. But on the other hand, I have to support my colleagues in this fight without appearing too unreasonable and rebellious. What a pickle!
Which is to our huge disappointment that the owner has appointed the CEO of the loser company to head the new, merged companies. Only reason for this, I hear is because our own CEO had passed away earlier this year and there is no one else befitting our CEO's chair since. With this new incoming, big changes are being implemented, particularly upsetting us is in the amendments of employee benefits and new bonus (bogus) scheme.
Together, a group of us shortchanged staff are putting together a memo to the new management, protesting the changes. It is hard not to get emotional as this is our livelihood that's on the line. We have all been working our assess off for the company, generating decent bonuses in the course and enjoying the wonderful working environment that's been the envy of our competitors. With the new cutbacks on benefits and impossible bonus scheme, all we have left is our monthly salary, which is peanuts, to get through the day to day. Previously, we are ok with the low salary coz we know that we would be rewarded with good bonuses provided we reach the fee target set by the company. And a handsome extra if we exceed the targets. That is why I love this company and stayed for the past 5 yrs, regardless of the low salary. I work hard every year for that big fat bonus cheque.
I have to approach this issue carefully as I'll be going off on maternity leave soon and I don't want this to have any repercussions upon my return. But on the other hand, I have to support my colleagues in this fight without appearing too unreasonable and rebellious. What a pickle!
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