Anyone else hate the holiday shakedowns on junior bankers for the staff bonuses?
Why is my bank(which has trillions in assets) asking junior analysts and associates for 100 dollars here and there for admins, janitors, mail room staff etc. So instead of my bank paying them properly and giving them a well deserved Christmas bonus, we need to scrounge up a bonus pool amongst the bullpen for them? It's as annoying as restaurants paying employees 3 dollars an hour and expecting customers to tip them a reasonable wage. Just irks me that's all. (Not being a grinch)
I take your point and I actually agree with the sentiment, but I also have no problem with personally contributing as an expression of gratitude, especially if it is not mandated. In our group, me and the other analyst/associates decided to do our own gift for our particular admin, which was much more impactful. She was so fired up and seeing it was worth every single penny and then some.
The pool is annoying in other cases, like the doormen at my building. I have some doormen that are amazing, super helpful, and fun to catch up with. I also have some that look like they want to murder me every time I walk in the door. Ideally my contribution would go to the lads but it's just not worth the hassle trying to orchestrate that.
Group is requiring $200+ for analysts and assos/Vs/Ds for 500-1K. Feel the same way. Seems more like a bad intentioned way to guilt trip people into doing something management or senior bankers should be doing, especially in a down year. Aside from the fact that it’s fucking weird to be taking $150+ donations from 22 year olds who are on 90K salary.
Capitalism at its finest, diverting the conflict between employers and employees to employees and employees
This is crazy. The bank should be covering their holiday bonuses and not expecting employees to cover it out of their salary.
I just came from the MD tipping troll post, so not sure if this is a real thing in the US