Unfair and unethical pay practices in the workplace
I am running into a salary issue than I am hoping to gain outside perspective on.
I am a project manager and have been with my current company for 3.5 years. Covid had put the company through a tailspin, though they should be on track to recover this year.
At the beginning of 2020, my salary was set at ~72k/year. I am in Seattle and it is in the arts, so it was just slightly below market rate. Covid hit and they reduced my pay, of which I ended up making $60k in 2020 :(
I have just received an updated salary for this year, $66k. I am very unhappy with this, and was shot down when trying to negotiate a higher rate. This was effective as of Jan 1.
Because of the way my pay structure had been set up, my second paycheck of the month was significantly higher than the first.
I received my normal, smaller paycheck on Jan 5. Yesterday I received my new rate of pay which was $315 less on my second paycheck than normal. I essentially am taking a $315 pay cut for the month of January before my new rate goes into effect.
I am trying to figure out how to respond to this. Has anyone ever experienced this?
In addition, I was informed yesterday that my 401k vesting schedule was miscommunicated, and I am now only 25% vested vs 75%.
I would love outside thoughts and opinions.