I work for one of the largest IT companies in the world. We all know that times have been tough, and I for one have accepted that, and essentially ridden it out. But this week’s move takes the cake.
Two months ago, I was told that I would receive a retention bonus - 1/3 immediately, 2/3 in 2 months time. This was great - I’m underpaid by a significant amount, but this bonus would have made my pay for this year about what it should have been if I’d been given a payrise. My next paycheque arrives, and no bonus to be seen. At this stage, I question what’s going on and am told that it’s coming and not to worry.
Well, on Friday my manager calls me into a meeting and announces that he’s terribly sorry, but you’re not getting that retention bonus after all. WTF? You can’t just tell someone that you’re giving them a large lump sum of cash and then say oops, sorry. I just bought a house, I really needed that money. I would have started looking for a job elsewhere 2 months ago, but I stuck in there because staying for 3 months for that sum of money was absolutely worth it. To add insult to injury I was told “Congratulations, you get a (tiny) payrise, you should be really happy”, um no, when it comes to a choice between more cash now, or much less cash spread over a year, I’ll take more cash now. But here’s the absolute kicker - the payrise hasn’t had final aproval yet either.
Not only is it unethical, it’s probably illegal. Although the costs of fighting it, both in terms of legal costs and career impacts probably aren’t worth it. It just makes me so angry that they will get away with it because I am powerless to do anything about it without incurring significant loss myself (even if I did get the moral victory).
And I’m really, really pissed. I feel like I’ve been taken for a fool, and ripped off. I’ve was lied to, and I fell for it, hook, line and sinker. More than the money, I hate the way this whole episode has left me feeling - I just want to cry.
This is a company that has prided itself for years on the way it treats its employees. Just a few of years ago, it won “employer of the year” in Australia. Things have changed. Dramatically. I think anybody who knows the reputation this company has in the industry would be shocked.
It isn’t right, and there’s nothing I can do.