Delayed pay, Harsh Employer
1 Delayed pay, Harsh Employer on Fri Oct 16, 2015 4:30 pm
2 Re: Delayed pay, Harsh Employer on Fri Oct 16, 2015 5:32 pm
It's normal to count percentage shares AFTER the customer pay, so perhaps there aren't anything to count percent at by no customer have paid
Some seem suspicious it's a scam (equipment and they said they will pay percentage out of their own pocket)
but it's possible it depend of they are not good at planning, OR it can depend of customers don't pay in time, so there aren't enough money available to pay with...
4 Re: Delayed pay, Harsh Employer on Mon Oct 19, 2015 5:14 pm
I see. Then there is a document, which you can refer to. Do you have a copy?torivic1107 wrote:We dont have a contract but the proposal was signed and acknowledged by the "financers" or the CEO's of this small company. Is it also legal for them to get a huge chunk of the amount that the agents worked for?
I don't know how big part you mean with "huge chunk", but Yes it's legal as long as
1. they follow the laws (for instance the employment laws if it's an employment situation)
2. and follow the agreement you have.
When one part (=work) get some pay UNDEPENDING of the result of the project, then it's normal the extra risk part (=financiere) get a biger chunk the biger risk the project will fail.
Plus there can be a chunk to the business idea and projecting
and one separate chunk to the manager too, if he don't get salary.
The TIME is a factor too = Financiere get a biger chunk the longer time from investment to when the work is done.
An other factor is PROPORTIONS between need of financing and the salary work value =The biger financing part, the biger part of the result to the financieres.
An other factor is how hard it is to get different parts to AGREE to the deal. =If the workers get LESS salary during the work, then they get some additional chunk. The harder it is to get financing to such projects, the biger chunk to the financing. In the Philippines it's often very hard to get financing (except CRAZY expensive).
"Harvest sharing". Normal time is around 4 months.
It's a common deal in the Philippines the financiere take LESS risk and by that get the SMALLER chunk of the result.
The financiere pay things as seeds, fertilizer, perticides and sometimes get the farmer an advance pay to live of until the harvest.
After the harvest the financiere get the money back (or harvest worth that).
Then the financiere get between 25 - 33 % of the rest and the farmer get the remaining 67-75 %.
But that's when the financiere take LESS risk than the worker.
In your case I guess it's longer time and the financieres (is suppoused to) take much biger risk than the workers and by that it's fair the financieres get a biger chunk than the workers of the result - if there will be any plus result In your project it don't seem to be any plus result (yet) because otherwice they would pay you the extras to keep you in good mood - if they aren't stupid I have seen some very stupid managers/business partners fooling to get a SMALL extra earning, instead of get a MUCH BIGER pay if they just do a proper work and wait some...
6 Re: Delayed pay, Harsh Employer on Mon Oct 19, 2015 5:57 pm
I don't know what type of business it is, but it's normal it's a loss when startup.torivic1107 wrote:This business has been running for 3 months, They have not provided full set up of the workplace like computers etc. How can they expect profit right away??
The suspicious parts in the deal are:
1/ They haven't provided the agreed equipment.
2/ "plus a percentage either which will be coming from their own pockets or from a small percentage from the rate that our clients pay".
After "or" it isn't odd, but it's very odd if they would pay you a bohnus from their OWN pockets BEFORE the customers have paid.
Is the deal realy written as the quote??
The "or" don't make sence, if the text don't tell WHEN to use each alternative.
Permissions in this forum:
You cannot reply to topics in this forum