Team event cost-sharing - principle problem
Working at an American bulge bracket bank in London. Team is forcing me to pay £200 for random team event. Not a fortune, but the issue isn’t the amount — it’s the concept. Team organizes an event and decides it comes out of individual pockets instead of team budget.
If it’s a team event, it should be a team expense. Has anyone pushed back on this framing at other shops? Or is this just standard now? Again, the amount isn’t an issue but the concept is.
Load of bs is what it sounds like. Only time I'll expect to pay for a company event is for getting my own coffee or lunch. No way I'm paying anything Company related out of my own pocket
Thanks. Global Co-head chasing people individually to pay is next level, and it’s a random event that no one wants to do
Your Global Co-head sounds like a broke motherfucker
Was on a summer trip a few weeks ago with the team. The MD called an uber for him, me and another junior. After the ride he asked us to split. That is at a BB
team event organizer at an European BB
Team events should be paid from the team development budget. Customary beverage at the event + transportation is from own pocket so should be small amount. Drinks at bar are also included in the team budget.
Also ~£200 pp team event budget seems a lot to me. What event does it cost you ~£200?
Cooking class
BUMP
Not saying that it’s right but at my group at BB, seniors rotate who pays for one off social events, and then split group large / expensive events. Amount is in line with what you’ve been asked to pay.
BUMP
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