Wednesday, 11 January 2012

US BANKERS WANT HIGHER BONUSES

2 comments:

  1. It seems that the United Kingdom has set a trend for the United States to follow - demand higher bonuses, and if your demands are not met, resign. This does not seem to make any sense because if one resigns from a company such as Jeffries, the employees are to pay back a portion of their bonuses received in cash. In contrast, a low bonus would seem a better outcome then being left unemployed, especially in our world today where acquiring and maintaining high position jobs are a rarity. The employees who demand these higher bonuses aren't going to get them because to the company, they are expendable. Their resignations are empty threats because they are not that worthwhile to the company. Employees who are very worthwhile to the company won't find themselves in a position to demand higher bonuses, as the company would already have provided that to you. Also, bonuses are expected to be cut down by 30% this year. Accepting a meager bonus and having a steady income to support yourself and/or your family would be more beneficial to yourself and to the country rather than you resigning from your post.

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    1. Also, if you believe that the company is underpaying you and/or you are not being paid what you are worth, then you are free to walk. Your employers will turn a blind eye, especially if it is an empty threat. If you sue and involved the legal team against a company like Jeffries under the situation that you are not being paid enough in bonuses, you are sure to lose the case. On top of that, you must pay the legal team you hired. In Mr. Kostandoff's class, I learned about the relation of education and employment. To acquire a position in Jeffries today, especially when there is such fierce competition in the job industry, would mean that you are very qualified and that should be enough to compel you to work harder to earn those bonuses. When you resign and cannot find a job, you are resorted to borrow money from banks, etc. and bring the national debt even lower. Name the US Treasury the S.S Titanic and we'll all watch it crash and sink. Then perhaps the casualties will hit home.

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