@LeoliansBro
It is interesting to see the motivation of banks to do what they do. Thanks for pointing out these things which under other circumstances would never even enter these ind of discussions.
The bank has to rethink its position though. By getting rid of the bonus system it would save a considerable amount of money and at the same time it would increase the productiveness of their employees. Which again would mean a greater revenue.
While in the short term it would indeed make calculations somewhat more difficult in the long term these would even out. The economy rises and falls and with them the profits. It might be that the bank will have a shit revenue stream during some lean years, where it yearns for the days when it simply would not pay their employees as much money (and to be fair to the bankers for a change, most of them aren't really responsible for these fluctuations) but this would be recouped in the fat years.
Another point would be to reduce the salaries to a more sane amount of money. While I am sure that it must be fabulous to earn 300k a year, it would be entirely sufficient to pay a more sensible salary of say 120k which is still very generous compared to what most other mortals earn.
It would also guarantee that the people working for the bank do so because they actually have an interest in the job and are not primarily in there for the money. (which again would reduce the quality of work again)
It is interesting to see the motivation of banks to do what they do. Thanks for pointing out these things which under other circumstances would never even enter these ind of discussions.
The bank has to rethink its position though. By getting rid of the bonus system it would save a considerable amount of money and at the same time it would increase the productiveness of their employees. Which again would mean a greater revenue.
While in the short term it would indeed make calculations somewhat more difficult in the long term these would even out. The economy rises and falls and with them the profits. It might be that the bank will have a shit revenue stream during some lean years, where it yearns for the days when it simply would not pay their employees as much money (and to be fair to the bankers for a change, most of them aren't really responsible for these fluctuations) but this would be recouped in the fat years.
Another point would be to reduce the salaries to a more sane amount of money. While I am sure that it must be fabulous to earn 300k a year, it would be entirely sufficient to pay a more sensible salary of say 120k which is still very generous compared to what most other mortals earn.
It would also guarantee that the people working for the bank do so because they actually have an interest in the job and are not primarily in there for the money. (which again would reduce the quality of work again)
