Can a new company change your pay?

Can a new company change your pay?

Its terms cannot lawfully be changed by the employer without agreement from the employee (either individually or through a recognised trade union). Your employer owes an implied contractual duty to explain clearly the effect of any change, for example a change to wages or working hours.

Can my employer change my bonus structure without notice?

Generally speaking you have no legal recourse if your employer decides to decrease or take away a discretionary bonus. However, many employers provide formulas for bonuses based on some concrete metrics and they are contractually guaranteed.

Can a company change the commission structure after the work is done?

The employer cannot change the deal after the work is done. Mary is right. This is a classic breach of contract case. While the employer can change the commission structure going forward, once you made sales under an existing commission pay plan, the employer is bound to pay it.

Can a boss change the rate of commission?

Unless you have a contract promising you a certain commission rate for a particular period of time or for particular accounts, your boss can prospectively, or on a forward-looking basis, change your commission structure.

Can a employer change the Commission plan retroactively?

However, neither employer nor employees can “change the rules” retroactively:A change in the commission plan can be prospective, only, not retroactive. Said differently, an employer can change the way commissions are earned and paid in the future, not in the past.

What are the implications of a new salary structure?

We are introducing a new salary structure with a significantly lower basic salary, but a large element of commission to incentivise employees. Compared with the present salary and bonus arrangements, a number of staff are likely to earn less than they do now. However, for high-performing employees, there is the potential to earn substantially more.

The employer cannot change the deal after the work is done. Mary is right. This is a classic breach of contract case. While the employer can change the commission structure going forward, once you made sales under an existing commission pay plan, the employer is bound to pay it.

We are introducing a new salary structure with a significantly lower basic salary, but a large element of commission to incentivise employees. Compared with the present salary and bonus arrangements, a number of staff are likely to earn less than they do now. However, for high-performing employees, there is the potential to earn substantially more.

 However, neither employer nor employees can “change the rules” retroactively:A change in the commission plan can be prospective, only, not retroactive. Said differently, an employer can change the way commissions are earned and paid in the future, not in the past.

Unless you have a contract promising you a certain commission rate for a particular period of time or for particular accounts, your boss can prospectively, or on a forward-looking basis, change your commission structure.