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25-10-2014, 11:55am
Yeah only the TOIL and the way it is accrued has changed.
This might sound strange but we're supposed to be 4% better off on the new deal than the old one but for a select few of us the time off is better than the 4% gain.
We now pay more in tax and spend less time with our families as opposed the way the system was.
It's a much better deal for the single guys.
Also we have now lost the option to cash the TOIL in at the end of the year. Some of us could walk away with $20k in the hand at Xmas time and depending on how much was in there you could have a week or two off to spend said $20k.
My biggest gripe is the way in which this was soo poorly handled more than the change of conditions, makes you think what's next??
I'm pretty sure under the IR laws we have they cannot force my hand to sign anything but I could be wrong. Hoping someone here knows the ins and outs of HR
This might sound strange but we're supposed to be 4% better off on the new deal than the old one but for a select few of us the time off is better than the 4% gain.
We now pay more in tax and spend less time with our families as opposed the way the system was.
It's a much better deal for the single guys.
Also we have now lost the option to cash the TOIL in at the end of the year. Some of us could walk away with $20k in the hand at Xmas time and depending on how much was in there you could have a week or two off to spend said $20k.
My biggest gripe is the way in which this was soo poorly handled more than the change of conditions, makes you think what's next??
I'm pretty sure under the IR laws we have they cannot force my hand to sign anything but I could be wrong. Hoping someone here knows the ins and outs of HR