Lower paid job - compensation

CYBERCIDERSAVER

My role has been made redundant and as an alternative to redundancy i have been offered a job at lower pay.

The new role is subject to a four week trial and at the end i will receive compensation payment equivilant to the difference of 1 years salary.

my questions are- they have quoted me as though i was a dayshift manager and not a nightshift manager. I am moving to a lower paid role but still on nights surely it should be the differnce of the actual salaries for the nightshift role. They do not separate out the premium when paying us.

the other question is this payment i will get, will it be taxable?

somethingcorporate

No idea on the first one but yes, it will be taxable. All ex-gratia type payments are.

getmore4less

If not happy with the compensation negotiate for more(rate and/or time) or take the redundancy.


Remember any future redundancy will be at the lower pay rate so you might want to add protection of that into the negotiations.