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Dollar value changing fast and salary doesn't change
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US dollar is changing very fast in my country now. I'm working for a foreign company and I get a very satisfactory salary. But my consideration is as the US dollar is fluctuating rapidly, should I drop a email to HR division to point this out?
Foreign company might be paying for the employees by US dollars. But our salaries have defined(by the company in my country) in local currency. Therefore, even though the US dollar raised up, employee salary doesn't raise up . Many of my expenses are online ones. Therefore I face this impact hugely.
Is this something point out to HR division as a normal employee like me?
ethics human-resources salaried-pay sri-lanka
asked Jan 2 '16 at 15:11
Jude Niroshan
76531223
suggest improvements |Â
up vote
2
down vote
favorite
US dollar is changing very fast in my country now. I'm working for a foreign company and I get a very satisfactory salary. But my consideration is as the US dollar is fluctuating rapidly, should I drop a email to HR division to point this out?
Foreign company might be paying for the employees by US dollars. But our salaries have defined(by the company in my country) in local currency. Therefore, even though the US dollar raised up, employee salary doesn't raise up . Many of my expenses are online ones. Therefore I face this impact hugely.
Is this something point out to HR division as a normal employee like me?
ethics human-resources salaried-pay sri-lanka
asked Jan 2 '16 at 15:11
Jude Niroshan
76531223
7
I'm pretty sure that will be part of the idea they had when they agreed to charge the client in dollars, but pay staff in local. Something to think about/negotiate at the next job.
– The Wandering Dev Manager
Jan 2 '16 at 15:44
4
I work for a swiss company. The work I do and how they get paid in what currency is no concern of mine. I am contracted for a certain amount of local currency per month.
– Ed Heal
Jan 2 '16 at 17:41
suggest improvements |Â
up vote
2
down vote
favorite
up vote
2
down vote
favorite
US dollar is changing very fast in my country now. I'm working for a foreign company and I get a very satisfactory salary. But my consideration is as the US dollar is fluctuating rapidly, should I drop a email to HR division to point this out?
Foreign company might be paying for the employees by US dollars. But our salaries have defined(by the company in my country) in local currency. Therefore, even though the US dollar raised up, employee salary doesn't raise up . Many of my expenses are online ones. Therefore I face this impact hugely.
Is this something point out to HR division as a normal employee like me?
ethics human-resources salaried-pay sri-lanka
asked Jan 2 '16 at 15:11
Jude Niroshan
76531223
US dollar is changing very fast in my country now. I'm working for a foreign company and I get a very satisfactory salary. But my consideration is as the US dollar is fluctuating rapidly, should I drop a email to HR division to point this out?
Foreign company might be paying for the employees by US dollars. But our salaries have defined(by the company in my country) in local currency. Therefore, even though the US dollar raised up, employee salary doesn't raise up . Many of my expenses are online ones. Therefore I face this impact hugely.
Is this something point out to HR division as a normal employee like me?
ethics human-resources salaried-pay sri-lanka
asked Jan 2 '16 at 15:11
Jude Niroshan
76531223
asked Jan 2 '16 at 15:11
Jude Niroshan
76531223
asked Jan 2 '16 at 15:11
Jude Niroshan
76531223
asked Jan 2 '16 at 15:11
Jude Niroshan
76531223
76531223
7
I'm pretty sure that will be part of the idea they had when they agreed to charge the client in dollars, but pay staff in local. Something to think about/negotiate at the next job.
– The Wandering Dev Manager
Jan 2 '16 at 15:44
4
I work for a swiss company. The work I do and how they get paid in what currency is no concern of mine. I am contracted for a certain amount of local currency per month.
– Ed Heal
Jan 2 '16 at 17:41
suggest improvements |Â
7
I'm pretty sure that will be part of the idea they had when they agreed to charge the client in dollars, but pay staff in local. Something to think about/negotiate at the next job.
– The Wandering Dev Manager
Jan 2 '16 at 15:44
4
I work for a swiss company. The work I do and how they get paid in what currency is no concern of mine. I am contracted for a certain amount of local currency per month.
– Ed Heal
Jan 2 '16 at 17:41
7
7
I'm pretty sure that will be part of the idea they had when they agreed to charge the client in dollars, but pay staff in local. Something to think about/negotiate at the next job.
– The Wandering Dev Manager
Jan 2 '16 at 15:44
I'm pretty sure that will be part of the idea they had when they agreed to charge the client in dollars, but pay staff in local. Something to think about/negotiate at the next job.
– The Wandering Dev Manager
Jan 2 '16 at 15:44
4
4
I work for a swiss company. The work I do and how they get paid in what currency is no concern of mine. I am contracted for a certain amount of local currency per month.
– Ed Heal
Jan 2 '16 at 17:41
I work for a swiss company. The work I do and how they get paid in what currency is no concern of mine. I am contracted for a certain amount of local currency per month.
– Ed Heal
Jan 2 '16 at 17:41
suggest improvements |Â
5 Answers
5
active
oldest
votes
up vote
15
down vote
accepted
The fact that the company is foreign-owned is irrelevant: you're being paid in local currency after all. Fluctuating exchange rates are not a valid reason to base salary negotiations on. If you feel you're not being paid enough, argue for a merit-based raise: your accomplishments and the value you added to the company in the past year(s).
If the US dollar crashed, would you appreciate having your wages cut in half as well?
answered Jan 2 '16 at 16:12
Lilienthal♦
53.9k36183218
1
The amount someone is being billed out to a client is definitely value added to the company. Whatever the company is making when the "smoke clears" from the exchanger rate is fair game to base compensation.
– user8365
Jan 3 '16 at 5:15
suggest improvements |Â
up vote
12
down vote
Many of my expenses are online ones. Therefore I face this impact hugely.
I would think that you need to look at your online expenses rather than your salary. Your salary stays the same. It's unrealistic to ask for more because you like shopping online. That's basically the same as asking for a payrise because you have expensive tastes.
So my advice would be to mitigate against your online spending, because I doubt an employer wants to base your salary on the vagaries of an overseas currency.
answered Jan 2 '16 at 18:36
Kilisi
94.7k50216376
suggest improvements |Â
up vote
5
down vote
Here's my litmus test - can you get a better paying job some place else? If you can, then independent of what happens with the dollar you will get a better pay if you want to. If you can't, again regardless of what the dollar does you won't be able to get more pay. It is simple as that - the company will not on their own offer you more money just because of currency fluctuation. They very likely will take that as more profit.
Think this the other way - will they reduce your salary if the dollar weakens? I doubt it. So, when it comes to salary, you get paid what you negotiate, not what you deserve.
answered Jan 2 '16 at 15:50
user1220
4,80622644
suggest improvements |Â
up vote
2
down vote
You can send whatever you like, but don't expect it to have any effect. Your HR staff are just as aware of the dollar exchange rate as you are, and will either take that into account in any pay rises, or decide that it's your choice to spend your pay in venues where you are susceptible to exchange rate fluctuations.
Putting it another way: what would be your response if the currency fluctuations were going the other way and you received a mail from HR telling you your pay was being cut?
answered Jan 2 '16 at 15:27
Philip Kendall
40.9k27105135
suggest improvements |Â
up vote
1
down vote
It is best to have your salary be stable in terms of what spend on essentials, such as food, and any long term commitments, such as leases and loan repayments.
If the local currency is subject to hyper-inflation, you want to be paid in almost anything else.
Under more normal conditions, you are usually better off having your pay be in terms of the currency where you live. Otherwise, you could sign a lease on an apartment for an affordable fraction of your pay at the time of signing, and find it is unaffordable later, because of a change in exchange rates.
answered Jan 2 '16 at 16:50
Patricia Shanahan
16.2k53256
suggest improvements |Â
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5 Answers
5
active
oldest
votes
5 Answers
5
active
oldest
votes
active
oldest
votes
active
oldest
votes
up vote
15
down vote
accepted
The fact that the company is foreign-owned is irrelevant: you're being paid in local currency after all. Fluctuating exchange rates are not a valid reason to base salary negotiations on. If you feel you're not being paid enough, argue for a merit-based raise: your accomplishments and the value you added to the company in the past year(s).
If the US dollar crashed, would you appreciate having your wages cut in half as well?
answered Jan 2 '16 at 16:12
Lilienthal♦
53.9k36183218
1
The amount someone is being billed out to a client is definitely value added to the company. Whatever the company is making when the "smoke clears" from the exchanger rate is fair game to base compensation.
– user8365
Jan 3 '16 at 5:15
suggest improvements |Â
up vote
15
down vote
accepted
The fact that the company is foreign-owned is irrelevant: you're being paid in local currency after all. Fluctuating exchange rates are not a valid reason to base salary negotiations on. If you feel you're not being paid enough, argue for a merit-based raise: your accomplishments and the value you added to the company in the past year(s).
If the US dollar crashed, would you appreciate having your wages cut in half as well?
answered Jan 2 '16 at 16:12
Lilienthal♦
53.9k36183218
1
The amount someone is being billed out to a client is definitely value added to the company. Whatever the company is making when the "smoke clears" from the exchanger rate is fair game to base compensation.
– user8365
Jan 3 '16 at 5:15
suggest improvements |Â
up vote
15
down vote
accepted
up vote
15
down vote
accepted
The fact that the company is foreign-owned is irrelevant: you're being paid in local currency after all. Fluctuating exchange rates are not a valid reason to base salary negotiations on. If you feel you're not being paid enough, argue for a merit-based raise: your accomplishments and the value you added to the company in the past year(s).
If the US dollar crashed, would you appreciate having your wages cut in half as well?
answered Jan 2 '16 at 16:12
Lilienthal♦
53.9k36183218
The fact that the company is foreign-owned is irrelevant: you're being paid in local currency after all. Fluctuating exchange rates are not a valid reason to base salary negotiations on. If you feel you're not being paid enough, argue for a merit-based raise: your accomplishments and the value you added to the company in the past year(s).
If the US dollar crashed, would you appreciate having your wages cut in half as well?
answered Jan 2 '16 at 16:12
Lilienthal♦
53.9k36183218
edited Jan 2 '16 at 16:42
answered Jan 2 '16 at 16:12
Lilienthal♦
53.9k36183218
answered Jan 2 '16 at 16:12
Lilienthal♦
53.9k36183218
answered Jan 2 '16 at 16:12
Lilienthal♦
53.9k36183218
53.9k36183218
1
The amount someone is being billed out to a client is definitely value added to the company. Whatever the company is making when the "smoke clears" from the exchanger rate is fair game to base compensation.
– user8365
Jan 3 '16 at 5:15
suggest improvements |Â
1
The amount someone is being billed out to a client is definitely value added to the company. Whatever the company is making when the "smoke clears" from the exchanger rate is fair game to base compensation.
– user8365
Jan 3 '16 at 5:15
1
1
The amount someone is being billed out to a client is definitely value added to the company. Whatever the company is making when the "smoke clears" from the exchanger rate is fair game to base compensation.
– user8365
Jan 3 '16 at 5:15
The amount someone is being billed out to a client is definitely value added to the company. Whatever the company is making when the "smoke clears" from the exchanger rate is fair game to base compensation.
– user8365
Jan 3 '16 at 5:15
suggest improvements |Â
up vote
12
down vote
Many of my expenses are online ones. Therefore I face this impact hugely.
I would think that you need to look at your online expenses rather than your salary. Your salary stays the same. It's unrealistic to ask for more because you like shopping online. That's basically the same as asking for a payrise because you have expensive tastes.
So my advice would be to mitigate against your online spending, because I doubt an employer wants to base your salary on the vagaries of an overseas currency.
answered Jan 2 '16 at 18:36
Kilisi
94.7k50216376
suggest improvements |Â
up vote
12
down vote
Many of my expenses are online ones. Therefore I face this impact hugely.
I would think that you need to look at your online expenses rather than your salary. Your salary stays the same. It's unrealistic to ask for more because you like shopping online. That's basically the same as asking for a payrise because you have expensive tastes.
So my advice would be to mitigate against your online spending, because I doubt an employer wants to base your salary on the vagaries of an overseas currency.
answered Jan 2 '16 at 18:36
Kilisi
94.7k50216376
suggest improvements |Â
up vote
12
down vote
up vote
12
down vote
Many of my expenses are online ones. Therefore I face this impact hugely.
I would think that you need to look at your online expenses rather than your salary. Your salary stays the same. It's unrealistic to ask for more because you like shopping online. That's basically the same as asking for a payrise because you have expensive tastes.
So my advice would be to mitigate against your online spending, because I doubt an employer wants to base your salary on the vagaries of an overseas currency.
answered Jan 2 '16 at 18:36
Kilisi
94.7k50216376
Many of my expenses are online ones. Therefore I face this impact hugely.
I would think that you need to look at your online expenses rather than your salary. Your salary stays the same. It's unrealistic to ask for more because you like shopping online. That's basically the same as asking for a payrise because you have expensive tastes.
So my advice would be to mitigate against your online spending, because I doubt an employer wants to base your salary on the vagaries of an overseas currency.
answered Jan 2 '16 at 18:36
Kilisi
94.7k50216376
answered Jan 2 '16 at 18:36
Kilisi
94.7k50216376
answered Jan 2 '16 at 18:36
Kilisi
94.7k50216376
answered Jan 2 '16 at 18:36
Kilisi
94.7k50216376
94.7k50216376
suggest improvements |Â
suggest improvements |Â
up vote
5
down vote
Here's my litmus test - can you get a better paying job some place else? If you can, then independent of what happens with the dollar you will get a better pay if you want to. If you can't, again regardless of what the dollar does you won't be able to get more pay. It is simple as that - the company will not on their own offer you more money just because of currency fluctuation. They very likely will take that as more profit.
Think this the other way - will they reduce your salary if the dollar weakens? I doubt it. So, when it comes to salary, you get paid what you negotiate, not what you deserve.
answered Jan 2 '16 at 15:50
user1220
4,80622644
suggest improvements |Â
up vote
5
down vote
Here's my litmus test - can you get a better paying job some place else? If you can, then independent of what happens with the dollar you will get a better pay if you want to. If you can't, again regardless of what the dollar does you won't be able to get more pay. It is simple as that - the company will not on their own offer you more money just because of currency fluctuation. They very likely will take that as more profit.
Think this the other way - will they reduce your salary if the dollar weakens? I doubt it. So, when it comes to salary, you get paid what you negotiate, not what you deserve.
answered Jan 2 '16 at 15:50
user1220
4,80622644
suggest improvements |Â
up vote
5
down vote
up vote
5
down vote
Here's my litmus test - can you get a better paying job some place else? If you can, then independent of what happens with the dollar you will get a better pay if you want to. If you can't, again regardless of what the dollar does you won't be able to get more pay. It is simple as that - the company will not on their own offer you more money just because of currency fluctuation. They very likely will take that as more profit.
Think this the other way - will they reduce your salary if the dollar weakens? I doubt it. So, when it comes to salary, you get paid what you negotiate, not what you deserve.
answered Jan 2 '16 at 15:50
user1220
4,80622644
Here's my litmus test - can you get a better paying job some place else? If you can, then independent of what happens with the dollar you will get a better pay if you want to. If you can't, again regardless of what the dollar does you won't be able to get more pay. It is simple as that - the company will not on their own offer you more money just because of currency fluctuation. They very likely will take that as more profit.
Think this the other way - will they reduce your salary if the dollar weakens? I doubt it. So, when it comes to salary, you get paid what you negotiate, not what you deserve.
answered Jan 2 '16 at 15:50
user1220
4,80622644
answered Jan 2 '16 at 15:50
user1220
4,80622644
answered Jan 2 '16 at 15:50
user1220
4,80622644
answered Jan 2 '16 at 15:50
user1220
4,80622644
4,80622644
suggest improvements |Â
suggest improvements |Â
up vote
2
down vote
You can send whatever you like, but don't expect it to have any effect. Your HR staff are just as aware of the dollar exchange rate as you are, and will either take that into account in any pay rises, or decide that it's your choice to spend your pay in venues where you are susceptible to exchange rate fluctuations.
Putting it another way: what would be your response if the currency fluctuations were going the other way and you received a mail from HR telling you your pay was being cut?
answered Jan 2 '16 at 15:27
Philip Kendall
40.9k27105135
suggest improvements |Â
up vote
2
down vote
You can send whatever you like, but don't expect it to have any effect. Your HR staff are just as aware of the dollar exchange rate as you are, and will either take that into account in any pay rises, or decide that it's your choice to spend your pay in venues where you are susceptible to exchange rate fluctuations.
Putting it another way: what would be your response if the currency fluctuations were going the other way and you received a mail from HR telling you your pay was being cut?
answered Jan 2 '16 at 15:27
Philip Kendall
40.9k27105135
suggest improvements |Â
up vote
2
down vote
up vote
2
down vote
You can send whatever you like, but don't expect it to have any effect. Your HR staff are just as aware of the dollar exchange rate as you are, and will either take that into account in any pay rises, or decide that it's your choice to spend your pay in venues where you are susceptible to exchange rate fluctuations.
Putting it another way: what would be your response if the currency fluctuations were going the other way and you received a mail from HR telling you your pay was being cut?
answered Jan 2 '16 at 15:27
Philip Kendall
40.9k27105135
You can send whatever you like, but don't expect it to have any effect. Your HR staff are just as aware of the dollar exchange rate as you are, and will either take that into account in any pay rises, or decide that it's your choice to spend your pay in venues where you are susceptible to exchange rate fluctuations.
Putting it another way: what would be your response if the currency fluctuations were going the other way and you received a mail from HR telling you your pay was being cut?
answered Jan 2 '16 at 15:27
Philip Kendall
40.9k27105135
answered Jan 2 '16 at 15:27
Philip Kendall
40.9k27105135
answered Jan 2 '16 at 15:27
Philip Kendall
40.9k27105135
answered Jan 2 '16 at 15:27
Philip Kendall
40.9k27105135
40.9k27105135
suggest improvements |Â
suggest improvements |Â
up vote
1
down vote
It is best to have your salary be stable in terms of what spend on essentials, such as food, and any long term commitments, such as leases and loan repayments.
If the local currency is subject to hyper-inflation, you want to be paid in almost anything else.
Under more normal conditions, you are usually better off having your pay be in terms of the currency where you live. Otherwise, you could sign a lease on an apartment for an affordable fraction of your pay at the time of signing, and find it is unaffordable later, because of a change in exchange rates.
answered Jan 2 '16 at 16:50
Patricia Shanahan
16.2k53256
suggest improvements |Â
up vote
1
down vote
It is best to have your salary be stable in terms of what spend on essentials, such as food, and any long term commitments, such as leases and loan repayments.
If the local currency is subject to hyper-inflation, you want to be paid in almost anything else.
Under more normal conditions, you are usually better off having your pay be in terms of the currency where you live. Otherwise, you could sign a lease on an apartment for an affordable fraction of your pay at the time of signing, and find it is unaffordable later, because of a change in exchange rates.
answered Jan 2 '16 at 16:50
Patricia Shanahan
16.2k53256
suggest improvements |Â
up vote
1
down vote
up vote
1
down vote
It is best to have your salary be stable in terms of what spend on essentials, such as food, and any long term commitments, such as leases and loan repayments.
If the local currency is subject to hyper-inflation, you want to be paid in almost anything else.
Under more normal conditions, you are usually better off having your pay be in terms of the currency where you live. Otherwise, you could sign a lease on an apartment for an affordable fraction of your pay at the time of signing, and find it is unaffordable later, because of a change in exchange rates.
answered Jan 2 '16 at 16:50
Patricia Shanahan
16.2k53256
It is best to have your salary be stable in terms of what spend on essentials, such as food, and any long term commitments, such as leases and loan repayments.
If the local currency is subject to hyper-inflation, you want to be paid in almost anything else.
Under more normal conditions, you are usually better off having your pay be in terms of the currency where you live. Otherwise, you could sign a lease on an apartment for an affordable fraction of your pay at the time of signing, and find it is unaffordable later, because of a change in exchange rates.
answered Jan 2 '16 at 16:50
Patricia Shanahan
16.2k53256
answered Jan 2 '16 at 16:50
Patricia Shanahan
16.2k53256
answered Jan 2 '16 at 16:50
Patricia Shanahan
16.2k53256
answered Jan 2 '16 at 16:50
Patricia Shanahan
16.2k53256
16.2k53256
suggest improvements |Â
suggest improvements |Â
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7
I'm pretty sure that will be part of the idea they had when they agreed to charge the client in dollars, but pay staff in local. Something to think about/negotiate at the next job.
– The Wandering Dev Manager
Jan 2 '16 at 15:44
4
I work for a swiss company. The work I do and how they get paid in what currency is no concern of mine. I am contracted for a certain amount of local currency per month.
– Ed Heal
Jan 2 '16 at 17:41