Incentive Sharing Question
July 3, 2014 9:33 PM Subscribe
The company I work for, referenced recently here,
has announced a rather impromptu and puzzling proposal.
posted by Debaser626 to Work & Money (6 answers total) 1 user marked this as a favorite
Since the announcement regarding reserving funds, the parent organization and our company have officially and contractually became legal partners (something I thought had already happened). For the last few days I have been stewing with resentment at the institution I work at, although I have no ill will towards any person.
Today at an informal meeting, which I did not attend the first part of because it was only mentioned that they were "buying lunch" so I had lunch out of office, it was announced that although the company hasn't been profitable for many months, that they were going to have us staff members meet as a team, excluding the old upper management, and decide which projects and products to move forward with. Old Upper management would have veto power or be able to add/change stuff as they felt necessary, but only after our list was created.
This smacked of a power move to me, as Old Ownership was in the room, and they did not look too happy.
Then, Weirder still, it was stated that the new partners/owners would fund this "exercise" with a very large sum of money, and that the staff (about 6 of us) would then share in whatever profits came about as a result of our collaboration. Sharing would exclude old ownership and new upper management also, but we would share this with whatever supporting departments we utilized from any dept. with the new owners/partners.
Given the large starting amount, It struck me as too good to be true, so I inquired if they were referring to a percentage or points on total profit, to which it was stated that it would be the entirety of the profit. I then asked if we were going to be offered this in writing. It was stated that if necessary, it would be placed in writing, but it (and the whole proposal, to be honest) seemed really off the cuff to me.
I mean, These are the same people who slashed salaries of a few people (thankfully not me) a few months ago, laid off two others, evicted some middle managers out of their offices and into cubes for "team building", and fight for every penny from our suppliers and vendors, not to mention the whole salary reserve thing.
So... I am confused. Thoroughly. Am I being paranoid and resentful? Or are the alarms going off in my head real? I am beginning to search other avenues of income, but I wouldn't want to miss out on this if it's real.
I know that no one can tell me what is truly going on in the heads of the people here, but has this or anything similar been done before that anyone is aware of? What would be the benefit to the new partners, especially with setting a potential mine-field of precedent? Are they crazy? Am I crazy?