Pay difference between EU and GB colleagues
Discussion
For background info; I work for a very large cruise line. I'm paid per day for a set number of days per year.
The department I'm in is a mix of GB and EU Engineers. We're all on the same contract, bar the Currency we're paid in.
I.E. we all work the exact same days per year.
There is a pay discrepancy between us.
The difference between a GB national and EU national is 9%.
We do have USD paid engineers too, the difference is 23% between UK and USD.
So... Is there any thing we can do (the UK guys) to get the 9% gap closed up?
We all do the same job, the same hours etc. But they get around 10k extra per year.
The department I'm in is a mix of GB and EU Engineers. We're all on the same contract, bar the Currency we're paid in.
I.E. we all work the exact same days per year.
There is a pay discrepancy between us.
The difference between a GB national and EU national is 9%.
We do have USD paid engineers too, the difference is 23% between UK and USD.
So... Is there any thing we can do (the UK guys) to get the 9% gap closed up?
We all do the same job, the same hours etc. But they get around 10k extra per year.
Perhaps the difference is a result of the pound value dropping in 2015 by between 20% and 30% (against the Euro and USD), up to that point the £ earners would have been relatively the higher earners?
It is always hard to compare salaries when paid in different currencies, not sure what the employer can do. If they increase the £ earners, what do they do when the £ rises in value against the Euro, up the Euro earner's wages or reduce the £ earners.
It is always hard to compare salaries when paid in different currencies, not sure what the employer can do. If they increase the £ earners, what do they do when the £ rises in value against the Euro, up the Euro earner's wages or reduce the £ earners.
Wilmslowboy said:
Perhaps the difference is a result of the pound value dropping in 2015 by between 20% and 30% (against the Euro and USD), up to that point the £ earners would have been relatively the higher earners?
It is always hard to compare salaries when paid in different currencies, not sure what the employer can do. If they increase the £ earners, what do they do when the £ rises in value against the Euro, up the Euro earner's wages or reduce the £ earners.
This. It is always hard to compare salaries when paid in different currencies, not sure what the employer can do. If they increase the £ earners, what do they do when the £ rises in value against the Euro, up the Euro earner's wages or reduce the £ earners.
Remember that all-else being equal, a decade ago your contract would have been significantly higher than your US peers - as it was 2-1, currency-wise.
I suspect the GBP disparities you’re experiencing now are a result of the last couple of years’ performance of the sterling, relative to the € and $.
That sounds all very odd to me.
From what you've described, I would guess that there's an intermediary employer between you and the company you are actually doing the work for who bills the company for labour from which your wages are paid. And that the EU guys are employed by agencies local to them in their home countries so each scenario will be dependent upon the generosity or otherwise of the agency rather than the company. That being the case, there isn't much you can do.
If you're working on the actual ships, offshore, then the normal run of things is that everyone gets paid in USD.
I can't see why a company would pay different workers in different currencies as its a major ball-ache for the payroll guys.
From what you've described, I would guess that there's an intermediary employer between you and the company you are actually doing the work for who bills the company for labour from which your wages are paid. And that the EU guys are employed by agencies local to them in their home countries so each scenario will be dependent upon the generosity or otherwise of the agency rather than the company. That being the case, there isn't much you can do.
If you're working on the actual ships, offshore, then the normal run of things is that everyone gets paid in USD.
I can't see why a company would pay different workers in different currencies as its a major ball-ache for the payroll guys.
StevieBee said:
That sounds all very odd to me.
From what you've described, I would guess that there's an intermediary employer between you and the company you are actually doing the work for who bills the company for labour from which your wages are paid. And that the EU guys are employed by agencies local to them in their home countries so each scenario will be dependent upon the generosity or otherwise of the agency rather than the company. That being the case, there isn't much you can do.
If you're working on the actual ships, offshore, then the normal run of things is that everyone gets paid in USD.
I can't see why a company would pay different workers in different currencies as its a major ball-ache for the payroll guys.
No intermediary... the pay is on band scales. We are all employed in the exact same way.From what you've described, I would guess that there's an intermediary employer between you and the company you are actually doing the work for who bills the company for labour from which your wages are paid. And that the EU guys are employed by agencies local to them in their home countries so each scenario will be dependent upon the generosity or otherwise of the agency rather than the company. That being the case, there isn't much you can do.
If you're working on the actual ships, offshore, then the normal run of things is that everyone gets paid in USD.
I can't see why a company would pay different workers in different currencies as its a major ball-ache for the payroll guys.
So for a band A, for GBP it is £268.28 per day, for EUR it's 340.34 per day and USD is $430.47.
The ship is a mix of GBP, EUR and USD.
There's over 1500 crew...
Seems unlikely that this is the swing on the FX where a disparity has crept in where the contracts and pay have not been reviewed say over the course of a year, when FX risk on transactions is something that will be reviewed by the second in some firms.
Of course a British company would be paying the EU and US nationals less in EUR/ USD v weakened pound but where is yours registered?
Of course a British company would be paying the EU and US nationals less in EUR/ USD v weakened pound but where is yours registered?
Edited by R Mutt on Friday 3rd May 13:59
chrismoose91 said:
StevieBee said:
That sounds all very odd to me.
From what you've described, I would guess that there's an intermediary employer between you and the company you are actually doing the work for who bills the company for labour from which your wages are paid. And that the EU guys are employed by agencies local to them in their home countries so each scenario will be dependent upon the generosity or otherwise of the agency rather than the company. That being the case, there isn't much you can do.
If you're working on the actual ships, offshore, then the normal run of things is that everyone gets paid in USD.
I can't see why a company would pay different workers in different currencies as its a major ball-ache for the payroll guys.
No intermediary... the pay is on band scales. We are all employed in the exact same way.From what you've described, I would guess that there's an intermediary employer between you and the company you are actually doing the work for who bills the company for labour from which your wages are paid. And that the EU guys are employed by agencies local to them in their home countries so each scenario will be dependent upon the generosity or otherwise of the agency rather than the company. That being the case, there isn't much you can do.
If you're working on the actual ships, offshore, then the normal run of things is that everyone gets paid in USD.
I can't see why a company would pay different workers in different currencies as its a major ball-ache for the payroll guys.
So for a band A, for GBP it is £268.28 per day, for EUR it's 340.34 per day and USD is $430.47.
The ship is a mix of GBP, EUR and USD.
There's over 1500 crew...
Much will depend on the legislation that prevails in the country in which you are employed. I believe there is EU legislation on parity of pay for identical roles. But I guess your employment location will be determined by the flag of the ship.
chrismoose91 said:
For background info; I work for a very large cruise line. I'm paid per day for a set number of days per year.
The department I'm in is a mix of GB and EU Engineers. We're all on the same contract, bar the Currency we're paid in.
I.E. we all work the exact same days per year.
There is a pay discrepancy between us.
The difference between a GB national and EU national is 9%.
We do have USD paid engineers too, the difference is 23% between UK and USD.
So... Is there any thing we can do (the UK guys) to get the 9% gap closed up?
We all do the same job, the same hours etc. But they get around 10k extra per year.
Do you offer to take a pay cut when the exchange rate works in your favour?The department I'm in is a mix of GB and EU Engineers. We're all on the same contract, bar the Currency we're paid in.
I.E. we all work the exact same days per year.
There is a pay discrepancy between us.
The difference between a GB national and EU national is 9%.
We do have USD paid engineers too, the difference is 23% between UK and USD.
So... Is there any thing we can do (the UK guys) to get the 9% gap closed up?
We all do the same job, the same hours etc. But they get around 10k extra per year.
Salaries will have been set by Carnival to a USD equivalent on a particular date. Exchange rates move. Sometimes you win, sometimes you lose. I got a 20% pay rise on the morning of the Brexit result, it has been diminishing ever since. Just part of being a 'global workforce'.
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