Categories: uncategorized
Date: 07 March 2007 16:30:43
I have had my meeting with my temporary boss. It looks like that was only part 1. Next week she's spending a day with me to see exactly what I do and to do my annual appraisal.
The first upshot is that there is no money in the pot for raises. What a surprise that is.... It seems that our CEO has now got his backers in place to take the company private again. This appears to be a way to get around the SOX reporting regulations in the US. They are also suggesting that all staff will be invited to purchase shares in the company as a way of increasing our personal interest in the company and, should the company refloat in 4-5 years time, allow us to share in any future sale/float.
Of course, this means that the company want us to forego a pay rise so that the figures look better to the private equity firms backing the bid.
On the plus side for me....
She has helped me to begin strengthening my skills on the company's systems. This isn't just training but showing me where to find reports that will help me to understand my worth to the company. It seems that having the 1st & 3rd best accounts in the region should be leading to greater rewards.
In addition I need to develop the skills to move onwards and upwards. As such she's showing me the inside track on understanding what the company wants from their Branch & Customer Service Managers. She's also helping to push towards a redesignation to Account Manager for me. This would mean that I prove what I do and get the rise in postion & money to reward me.
After 6 years someone is actually taking an interest in helping staff to get on. They always said we'd have a career at the company but not given us the skills needed to fill the gaps that arise. It also appears that my previous bosses have chosen ceraton "pets" who are pushed forward, regardless of ability/skills.
So we're in a holding pattern waiting to see what happens next.