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The Privileged Elite

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You should get a bonus for good performance and that is the end of it. If you fail then nobody owes you. Good performers would get theirs so there should not be an issue.
My Dad tought me I was not owed a living and neither are any of us. If you can work you should, if you can't then we should look after you and if you fail in work then be grateful for your basic.
Not just banks but many boardrooms have awarded themselves crazy money for a long time. Has to stop. Income distribution in this country is a disgrace.
The institutions you refer to are big. They have thousands of staff across hundreds of departments. In some cases they even consist of entirely self-contained subsidiaries which have nothing to do with each other.

To take a very simple example, RBS made a stonking loss yet again, largely due to the absolutely appalling carve out project they recently canned. So should an RBS branch employee who sells more than his target of mortgages got nothing for his efforts? Where's the incentive?

People seem to get the hump about directors getting fat bonuses, and I'd broadly agree. But you can't tar the entire workforce with the same brush.
 
To use a football analogy, how many talented 18 year olds fall by the wayside? They had the schooling but something meant they didn't succeed in adult life. If you look at this list of 'most important skills' as rated by various employer surveys, none of them are things that you get taught in school.

https://www.kent.ac.uk/careers/sk/top-ten-skills.htm
Verbal and written communication, analysing and investigating, planning and organsing, and time management are all explicitly taught / experienced at school.
Commercial awareness is not relevant to schooling, and initiative / self motivation and drive are largely innate qualities, but can develop in the right schooling envirnoment.

Did you even read your own link?
 

The institutions you refer to are big. They have thousands of staff across hundreds of departments. In some cases they even consist of entirely self-contained subsidiaries which have nothing to do with each other.

To take a very simple example, RBS made a stonking loss yet again, largely due to the absolutely appalling carve out project they recently canned. So should an RBS branch employee who sells more than his target of mortgages got nothing for his efforts? Where's the incentive?

People seem to get the hump about directors getting fat bonuses, and I'd broadly agree. But you can't tar the entire workforce with the same brush.
I was not. I was on about rewarda for poor organisational performance at board level. Also the post I replied to inferred senior dealing staff should get a bonus in case they leave. I was just saying if they do not perform then tough.
 
I was not. I was on about rewarda for poor organisational performance at board level. Also the post I replied to inferred senior dealing staff should get a bonus in case they leave. I was just saying if they do not perform then tough.
Most bonuses are effectively just retained salary anyway. They're not performance linked.

Plus they've been pretty piss poor for a fair few years now. Nothing to write home about.
 
Verbal and written communication, analysing and investigating, planning and organsing, and time management are all explicitly taught / experienced at school.
Commercial awareness is not relevant to schooling, and initiative / self motivation and drive are largely innate qualities, but can develop in the right schooling envirnoment.

Did you even read your own link?

I don't remember being taught any of those things at school, but lets assume that you're right, then we have no problem as the free schooling that's available to all covers the most important skills for employability, right?
 
My ex boss from UK said:

"Don't wear brown in town'.

So i bought a couple of pairs of brown shoes and wore them everyday.

Dont bother with black shoes anymore...just get a local "shoe tailor" to make mine and works out as better quality than the £1500 options.

As long as youre confident and sharp then you can pass interviews in finance.
 

My ex boss from UK said:

"Don't wear brown in town'.

So i bought a couple of pairs of brown shoes and wore them everyday.

Dont bother with black shoes anymore...just get a local "shoe tailor" to make mine and works out as better quality than the £1500 options.

As long as youre confident and sharp then you can pass interviews in finance.

You'd spend £1,500 on a pair of shoes?
 
You'd spend £1,500 on a pair of shoes?

Theyre the prices for the top of the range ones...i just take a couple of pictures from the net and shoe my shoemaker...he knocks them up for about 25000php for the ones i have. All made from scratch and i have 3 or 4 fittings just like when buying a suit.
 
Didn't even know £1500 brown work shoes existed.

Yeah neither did i...i wanted some woven loafers and so i checked online and found some for $3000 (!!!!!!). I went back to find the links i sent my shoemaker but theyre dead now. May have been Gucci or some other label.

Mine look a little like this but more understated and no buckle, scroll down and see the black ones which look more similar

https://www.google.com.ph/search?ei...cl5oqM:;DTA9titwcl5oqM:&imgrc=DTA9titwcl5oqM:
 

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