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New employment consultation after the acquisition

JohnBravo
Posts: 274 Forumite

Hi All,
I hope you are well.
The company I work for has been acquired and as I write this a handful of employees are being on-boarded to the new company including myself.
From the HR department of a parent/new company I heard that the employees will be interviewed 1-on-1 by some external consultant(s) they hire to negotiate the new terms.
At the old place I was employed without a contract so as I heard from others the statutory terms apply e.g. 20 days of holiday.
My old boss has apparently declared/pre-negotiated? that we have 25 days off annually but how realistic this is I don't know. I think the new employer could easily verify that by asking for the existing contract if this figure is indeed based on that.
I wanted to ask anybody who had gone through a similar process so I can get prepared rather than not. I also think about asking for a pay raise. I think it's a good opportunity to do that rather than after I agree to the new terms.
Please advise.
Thank you
The company I work for has been acquired and as I write this a handful of employees are being on-boarded to the new company including myself.
From the HR department of a parent/new company I heard that the employees will be interviewed 1-on-1 by some external consultant(s) they hire to negotiate the new terms.
At the old place I was employed without a contract so as I heard from others the statutory terms apply e.g. 20 days of holiday.
My old boss has apparently declared/pre-negotiated? that we have 25 days off annually but how realistic this is I don't know. I think the new employer could easily verify that by asking for the existing contract if this figure is indeed based on that.
I wanted to ask anybody who had gone through a similar process so I can get prepared rather than not. I also think about asking for a pay raise. I think it's a good opportunity to do that rather than after I agree to the new terms.
Please advise.
Thank you
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Comments
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JohnBravo said:Hi All,I hope you are well.
The company I work for has been acquired and as I write this a handful of employees are being on-boarded to the new company including myself.
From the HR department of a parent/new company I heard that the employees will be interviewed 1-on-1 by some external consultant(s) they hire to negotiate the new terms.
At the old place I was employed without a contract so as I heard from others the statutory terms apply e.g. 20 days of holiday.
My old boss has apparently declared/pre-negotiated? that we have 25 days off annually but how realistic this is I don't know. I think the new employer could easily verify that by asking for the existing contract if this figure is indeed based on that.
I wanted to ask anybody who had gone through a similar process so I can get prepared rather than not. I also think about asking for a pay raise. I think it's a good opportunity to do that rather than after I agree to the new terms.
Please advise.
Thank you
Statutory annual leave for a full time worker is 5.6 weeks, or 28 days.
Was this a transfer covered by TUPE?Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!1 -
Marcon said:JohnBravo said:Hi All,I hope you are well.
The company I work for has been acquired and as I write this a handful of employees are being on-boarded to the new company including myself.
From the HR department of a parent/new company I heard that the employees will be interviewed 1-on-1 by some external consultant(s) they hire to negotiate the new terms.
At the old place I was employed without a contract so as I heard from others the statutory terms apply e.g. 20 days of holiday.
My old boss has apparently declared/pre-negotiated? that we have 25 days off annually but how realistic this is I don't know. I think the new employer could easily verify that by asking for the existing contract if this figure is indeed based on that.
I wanted to ask anybody who had gone through a similar process so I can get prepared rather than not. I also think about asking for a pay raise. I think it's a good opportunity to do that rather than after I agree to the new terms.
Please advise.
Thank you
Statutory annual leave for a full time worker is 5.6 weeks, or 28 days.
Was this a transfer covered by TUPE?1 -
Marcon said:JohnBravo said:Hi All,I hope you are well.
The company I work for has been acquired and as I write this a handful of employees are being on-boarded to the new company including myself.
From the HR department of a parent/new company I heard that the employees will be interviewed 1-on-1 by some external consultant(s) they hire to negotiate the new terms.
At the old place I was employed without a contract so as I heard from others the statutory terms apply e.g. 20 days of holiday.
My old boss has apparently declared/pre-negotiated? that we have 25 days off annually but how realistic this is I don't know. I think the new employer could easily verify that by asking for the existing contract if this figure is indeed based on that.
I wanted to ask anybody who had gone through a similar process so I can get prepared rather than not. I also think about asking for a pay raise. I think it's a good opportunity to do that rather than after I agree to the new terms.
Please advise.
Thank you
Statutory annual leave for a full time worker is 5.6 weeks, or 28 days.
Was this a transfer covered by TUPE?
I have not heard anything about TUPE being mentioned at any stage.
The EMI share options have been paid to shareholders in USD (but the buyer has an office in UK).
I don't know if these options correspond with the actual company shares in any way.
0 -
JohnBravo said:Marcon said:JohnBravo said:Hi All,I hope you are well.
The company I work for has been acquired and as I write this a handful of employees are being on-boarded to the new company including myself.
From the HR department of a parent/new company I heard that the employees will be interviewed 1-on-1 by some external consultant(s) they hire to negotiate the new terms.
At the old place I was employed without a contract so as I heard from others the statutory terms apply e.g. 20 days of holiday.
My old boss has apparently declared/pre-negotiated? that we have 25 days off annually but how realistic this is I don't know. I think the new employer could easily verify that by asking for the existing contract if this figure is indeed based on that.
I wanted to ask anybody who had gone through a similar process so I can get prepared rather than not. I also think about asking for a pay raise. I think it's a good opportunity to do that rather than after I agree to the new terms.
Please advise.
Thank you
Statutory annual leave for a full time worker is 5.6 weeks, or 28 days.
Was this a transfer covered by TUPE?
I have not heard anything about TUPE being mentioned at any stage.
The EMI share options have been paid to shareholders in USD (but the buyer has an office in UK).
I don't know if these options correspond with the actual company shares in any way.
You'd use the courts and tribunals service to enforce your rights, but that's not an employment contract either1 -
JohnBravo said:Marcon said:JohnBravo said:Hi All,I hope you are well.
The company I work for has been acquired and as I write this a handful of employees are being on-boarded to the new company including myself.
From the HR department of a parent/new company I heard that the employees will be interviewed 1-on-1 by some external consultant(s) they hire to negotiate the new terms.
At the old place I was employed without a contract so as I heard from others the statutory terms apply e.g. 20 days of holiday.
My old boss has apparently declared/pre-negotiated? that we have 25 days off annually but how realistic this is I don't know. I think the new employer could easily verify that by asking for the existing contract if this figure is indeed based on that.
I wanted to ask anybody who had gone through a similar process so I can get prepared rather than not. I also think about asking for a pay raise. I think it's a good opportunity to do that rather than after I agree to the new terms.
Please advise.
Thank you
Statutory annual leave for a full time worker is 5.6 weeks, or 28 days.
Was this a transfer covered by TUPE?
I have not heard anything about TUPE being mentioned at any stage.
As Marcon says, there IS a contract between you and your employer, it's just not written down.
The conditions are evidenced by what actually happens (you turn up for work on x days a week for y hours, and in return your employer pays you £z.
The government has set some minimum legal employment standards to protect employees, with limits on on how many hours you can work at a time without a break, how many hours a week you work , the minimum you can get paid and how much holiday you get etc etc
If there is no other info to contradict it in your actual working practice then these statutory rules are what people will take to apply.1 -
EnPointe said:Marcon said:JohnBravo said:Hi All,I hope you are well.
The company I work for has been acquired and as I write this a handful of employees are being on-boarded to the new company including myself.
From the HR department of a parent/new company I heard that the employees will be interviewed 1-on-1 by some external consultant(s) they hire to negotiate the new terms.
At the old place I was employed without a contract so as I heard from others the statutory terms apply e.g. 20 days of holiday.
My old boss has apparently declared/pre-negotiated? that we have 25 days off annually but how realistic this is I don't know. I think the new employer could easily verify that by asking for the existing contract if this figure is indeed based on that.
I wanted to ask anybody who had gone through a similar process so I can get prepared rather than not. I also think about asking for a pay raise. I think it's a good opportunity to do that rather than after I agree to the new terms.
Please advise.
Thank you
Statutory annual leave for a full time worker is 5.6 weeks, or 28 days.
Was this a transfer covered by TUPE?2 -
JohnBravo said:Marcon said:JohnBravo said:Hi All,I hope you are well.
The company I work for has been acquired and as I write this a handful of employees are being on-boarded to the new company including myself.
From the HR department of a parent/new company I heard that the employees will be interviewed 1-on-1 by some external consultant(s) they hire to negotiate the new terms.
At the old place I was employed without a contract so as I heard from others the statutory terms apply e.g. 20 days of holiday.
My old boss has apparently declared/pre-negotiated? that we have 25 days off annually but how realistic this is I don't know. I think the new employer could easily verify that by asking for the existing contract if this figure is indeed based on that.
I wanted to ask anybody who had gone through a similar process so I can get prepared rather than not. I also think about asking for a pay raise. I think it's a good opportunity to do that rather than after I agree to the new terms.
Please advise.
Thank you
Statutory annual leave for a full time worker is 5.6 weeks, or 28 days.
Was this a transfer covered by TUPE?
I have not heard anything about TUPE being mentioned at any stage.
The EMI share options have been paid to shareholders in USD (but the buyer has an office in UK).
I don't know if these options correspond with the actual company shares in any way.
In law a contract simply requires offer and acceptance. The employer offered you the job on certain terms, which doesn't have to be in writing, which you accepted (again doesn't have to be in writing) for a consideration (i.e you get paid).
There are certain legal minimum employment rights which cannot be reduced even if you and the employer both agreed.1 -
EnPointe said:Marcon said:JohnBravo said:Hi All,I hope you are well.
The company I work for has been acquired and as I write this a handful of employees are being on-boarded to the new company including myself.
From the HR department of a parent/new company I heard that the employees will be interviewed 1-on-1 by some external consultant(s) they hire to negotiate the new terms.
At the old place I was employed without a contract so as I heard from others the statutory terms apply e.g. 20 days of holiday.
My old boss has apparently declared/pre-negotiated? that we have 25 days off annually but how realistic this is I don't know. I think the new employer could easily verify that by asking for the existing contract if this figure is indeed based on that.
I wanted to ask anybody who had gone through a similar process so I can get prepared rather than not. I also think about asking for a pay raise. I think it's a good opportunity to do that rather than after I agree to the new terms.
Please advise.
Thank you
Statutory annual leave for a full time worker is 5.6 weeks, or 28 days.
Was this a transfer covered by TUPE?Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!1 -
Thanks everyone for your input.
Ok, I understand now it is 5.6 weeks + bank holidays (20+8).
The employer has declared 25 so I don't know if this makes it 25+8 (33) or 17+8 (25).
In my case it boils down to a lot of unused and in the end unpaid holiday over the years. I think it is over 70 days in total that I have not used. You know a small business, no substitutes and workaholic superiors who use even less holiday what sets an example but I think it's a bad example, an abuse.
You think it's professionalism but it's just ADHD/OCD talking. I think profit incentive and profits is just an outcome of the personality disorder.
In the end there is a profound difference between working for a company and working in a company.
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JohnBravo said:Thanks everyone for your input.
Ok, I understand now it is 5.6 weeks + bank holidays (20+8).
The employer has declared 25 so I don't know if this makes it 25+8 (33) or 17+8 (25).
In my case it boils down to a lot of unused and in the end unpaid holiday over the years. I think it is over 70 days in total that I have not used. You know a small business, no substitutes and workaholic superiors who use even less holiday what sets an example but I think it's a bad example, an abuse.
You think it's professionalism but it's just ADHD/OCD talking. I think profit incentive and profits is just an outcome of the personality disorder.
In the end there is a profound difference between working for a company and working in a company.Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!1
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