Should I ask for an extension on my current plan?

Pre-covid I negotiated a base + monthly draw. My draw goes down $1,000 per month after year one which is right now during covid. Our sales are crushed as I sell within the events industry and losing $1,000 a month is going to be killer.

I’m nervous to ask for extension because my owners, management, and C level execs have all taken pay cuts due to covid and don’t want to come off as insensitive to the situation.

Whatcha think?

likehelpful
Posting as :
works at
You are currently posting as works at

I’ll be honest... the job market is tough right now. From April until about two weeks ago, I felt power in the market from a recruiting standpoint. I’m now having people turn me down for jobs which means they are interviewing elsewhere. In essence, it could be an employees market again, DEPENDING ON WHERE YOU ARE. I’m in Denver which is very competitive for both employees and employers. Know your market.

My best advice is to make sure you are ready to make a move before you start negotiating.

like

If you have a case to show you are worth it. Ask for it. Events industry...id be job hunting or expect a very lean year. In my opinion anyway.

like

That is a hard one to tackle. Have you talk to your peers about it?

Why would you ask for an extension of your draw? That’s a loan. If you don’t feel you can make that up then best to not mortgage your future

Ahh should’ve mentioned it’s a non-recoverable.

Related Posts

What would be possible starting salary in KPMG Toronto Hamilton office if you are joining as a 2nd year staff accountant or 1st year senior, working towards CPA. Also, is CPA required at senior level or manager level?

CogNizant vs Infosys which is better to join in terms of learning and projects
In CTS project is decided.
CTS fixed pay is more compared to Infosys.
Tech stack:java
Exp:4

like
like

I’m new to Canada and currently working as a BA for the same company I worked for, in India. However, the workload is a lot after I moved here and the pay scale is comparatively low. I started job search and currently negotiating salary with an early stage startup for PM position. Problem is, they’re very keen on comparing my current salary and fixing my compensation rather than fixing it based on my performance in interviews and their budget. Is this normal practice here in Canada?

like

Hi guys, Is anyone aware of how much Morgan Stanley is paying to 8 yoe on skill set of Java+AWS...I am holding offer of 24 (IBM), counter offer 27 + 1lakh joining bonus (Deloitte India). Morgan Stanley IBM Deloitte

like

Hey all Optum is giving 10,25,000 base salary what will be the in hand please its urgent.Optum

like

What is the average employee health and benefits account manager making? I have 7 years of experience in Employee Benefits.

like

I have a second interview next week for a senior occupational therapist position at Kaiser Permanente in the Bay Area. I asked the rehab supervisor who interviewed me what the salary was but she said she didn’t know and that was later down the line. Can anyone here give me a range of what I can expect/ negotiate for

like

MBA hire into Microsoft MCAPS, 126k base 85k stock 50k bonus standard package for all interns in this org, good deal?

like

My colleagues with the same designation earn more than me. How should I ask salary Hike to manager without bringing colleagues' salary owing to Salary confidentiality?

likehelpful

I got 2 offers, 1 is hcl with 25 lpa (lead position) 2nd is Capgemini with 22 lpa. Which is better. Please help me.

like

Are salaries credited/delayed for everyone today? Generally its 25th morning time when salary gets credited.

like

Anyone a medical senior contract manager? What’s the salary range? I was promoted internally so think I’m below market at 80k

like

Post producers - what’s a typical salary for mid to senior level in NYC?

like

Hi. I have applied for a job in an academic setting for a leadership role in cancer research. Duties would have me responsible for a small team of research nurses as well as other managerial duties for the department. I have been a research nurse for 3 years now, but I have no experience applying for a salaried position or a role in leadership. What sort of salary would be appropriate to ask for? I know that I should aim high and let them counter, but how high exactly? Thanks I’m advance

like

For RSM Tax, what is the bonus %? I'm hearing it's fixed each year, so like 6.5%. Can someone provide some insight?

like

I've recently have been offered a job in my facility as an assistant instructor for CNA classes to be held in house. I dont see any related information on average wage/bonus for taking on this role or similar. Any thoughts? Thanks.

like

I am getting 16 lpa CTC in my current organization with experience of 10.6 yrs. how much maximum CTC I can ask/expect from Credit Suisse if they offer me AVP position ?

NYC transfer pricing salary please share thanks!

like

What will be my In-hand salary after utilizing 80C,80CCD, 80D? Suggestions are welcome to restructure the salary to lower the tax payable. Accenture

Post Photo
like

More Posts

Hey everyone, I need some advise. I've been interviewing for a company for the last 4weeks. The salary was originally discussed as (say Xk) but the recruiter I'm working with said today that they "realigned the goals" and brought the salary down to (Xk-10). I wasn't even okaay with Xk tbh, and now they've gone ahead and reduced it by 10k! I'm attending the final round on Friday - do y'all have any tips on how I can negotiate my salary to X+10 and let them know that this is highly unprofessional?

like

Hello all! I'm a clinical research professional with up to 5 years' of diverse experience featuring lab/bench side work, data management and information, and clinical administrative work. I am also currently pursuing my CCRP SOCRA certification as I am actively looking to switch jobs. I currently work as a Lead Research Associate& Protocol Coordinator at NIAID as a contractor and I'm looking for clinical research opportunities that are remote amd exciting! Would love a referral please!

like

Are new campus hires not allowed to relocate to Kolkata for a year even if they have very genuine reasons?

like

For a writing sample: Is it better to use a motion that you won, or a motion that may reflect better writing/analysis, but that you lost? Does your answer change if the winning motion is more recent than the losing one?

likehelpful

Has anyone tried getting out of their lease and been successful? I’ve been isolating out of the city for 3mo and will be here at least another 3mo, if not more. I live in one of those large/newer buildings managed by Greystar Properties as opposed to a townhouse. Any successful angles/negotiation tactics/DC laws that worked in your favor (relative to the public health crisis/pandemic) would be greatly appreciated. For context, lease technically ends Dec 9, but am looking to get out before then

like

Hey Fishes, any remote opportunities within Canada ? Let me know please

What are the biggest festivals happening in the area this summer?

like

Tax background and currently in fund accounting hoping to pivot into VC after getting an MBA. Any tips? How dramatic of a pivot is this?

like

Hi Guys, I have joined EY GDS on this January so I was told that I am eligible for the appraisal which usually happens around September and will be evaluated on Pro-data basis. So I want to know how much hike I could expect and usually when it will be start to reflect in pay? EY

likehelpful

IT professional here with 15 years exp in Enterprise application development 6 of them using cloud. Looking for a referral at your company if there is one for solutions architect
TIA

like

Is EY hiring Business Analysts / Business Operations Specialist/ MIS agents anytime soon?

like

Anyone know how much product managers at Spotify make (NY)? Various websites give differing answers, can't identify a consensus.

like

Any Amazon leader (L6+) ?
I have a question which you only can answer me..

like

I don't know how to pitch strategy work to a client because I don't see the value myself.

I recognize I very well could be wrong so would want to better understand it using a current example if that's cool.

like

What industries in Canada have competitive salaries for Manager in T2 consulting looking to move to industry ?

likefunny

Hi everyone, hoping and wondering if I could get any help with the deal memo part for O1 ? It’s hard explaining the recruiters about it.

If you wanting a mix of salary increase and work / life benefit increase, what are some things you negotiate for that you now have in your job? Additional pto? Flex time? Other special arrangements? Has any one negotiated periods of time off ( around a month) based on certain objectives met? Was thinking perhaps negotiating unpaid leave for pursuing other interests / family time. Job is in medical IT, Midwest, 10 years. Thank you for looking and appreciate any comments.

like

Hello fishes, I am working at IBM and currently on bench. I will be resigning today as I have a better offer in hand right now. Wanted to know if I have to serve entire notice period of 90 days even when on bench or IBM gives early release ?

like

What business would you start with $20k?

like

Looking to transition to part time work while in portfolio school for art direction. Any suggestions/opportunities people know of?

like

Additional Posts in Sales

Anyone searching to hire a sales person?

like

Has your boss ever forgotten to pay your commission? Happened to me today. Actually to our entire sales team. Advice for how to respond?

like

I’m just starting in the medical device sales industry and would appreciate some advice on how to maintain work life balance!

like

What’s the average salary for key account manager/BDM in the medical consumables business? (UK)

like

Open to remote SDR/BDR inbound or outbound.
5 months of Mid Market / Enterprise 100% Outbound SDR experience with telecom and retail background. Any openings or referrals?

like

Curious what the base and commission structure is for inside sales and associate director of sales in biotech (also anyone else who wants to share pls put industry). Paid hourly or salary? At the biotech company I work at avg inside sales is $62,632 with a $3500 per quarter cap. Commission structure is % based on sales quota reached vs capped (not a direct % of sales). I’m underpaid at $53000 with $3500 cap per quarter.

like

Possibly considering a move to AWS in Sales. What is your experience there? Would you recommend it? What advice do you have for the interview process?

like

Has anyone interviewed or worked for Roc Nation? Sales partnerships

like

Which company is better for growth in Sales, Salesforce or Siemens?

like

Sales leaders are hypocrites.

The same sale leaders that push their reps to find out why they were ghosted are the same leaders that ghost other salespeople.

like

I have 4+ years of sales experience. I’m 25 y/o Currently work for a industry leading larger HCM provider. Experience is with Net New Business. I have been a top performer in the country all 4 years. I currently make around 200k OTE. Been closer to 250k due to my performance. I currently feel stuck where I am. Any suggestions on career/company moves? Looking to be able to make 200-300k with at least 120k base. Start-ups, Cybersecurity, etc..

like

Looking to get back into SaaS sales after a few year hiatus. Any tips or recommendations to ramp myself back into SaaS sales? Any podcast or books, etc?

like

Segmenting / database quality question —- we have 2 segments based on EE count : 21-100 and 101+. We use LinkedIn as source of truth. Problem is I can’t prospect using LI Nav as they only let you pull by range 51-200. Any idea how to search LI based on LinkedIn employees (with profiles) not the range or best way to prospect into this segment?

like

Hi everyone,
I am currently a sales rep at cintas and I am thinking about making the switch over to tech sales. Does anybody have an advice or opinions on what I should do and where I should look? And if it would be smarter to stay at cintas?

like

Please respond with behavioral interview questions!

like

How does the holiday weekend impact your quota? Still the same? It's still the same for me, which I feel is unfair.

Trying to switch from proposal/bids to sales. I made it to the last round of interviews for an SDR role and I have to give a presentation on one of their products. I've to introduce myself as part of the presentation: do I need to role-play myself as an SDR or do I introduce myself as who I currently am (= interviewee)?

like

Has anyone ever made the transition from sales to marketing? I’ve done Business development for over 3 years now and I’m super excited to make the transition as sales is not my passion. Just curious if any classes I can take or other steps I can take to be ready for a marketing role. Thank you!

like

I have been at my company for a little less than 4 years now. I’ve had the third highest sales last year out of a team of 50 and consistently the highest outbound calls per week. They told me I can start WFH once I hit $1mil in profit, but then rescinded right before I hit the goal. They have also denied simpler request like time off, when I know they have approved this before for others. I feel super unappreciated, but the money is great. I’m not sure if I should look elsewhere and start over?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal