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Friday, December 30, 2011

You do not have to envy the hefty bonuses Wall Street very hard you reap

End of the year is approaching, people in addition to new year and look forward to holiday with joy and hope a year of hard work they could benefit. Fortunately is, Jinwen several domestic enterprises "generous" to staff bonuses. As employees of an enterprise Twitter actually award amount 6 digits "Shad" and later her boss even confirmed that she was least in their company; there are bonuses to every employee of the company corresponds to 27 months ' salary, would envy.

This is space-time conversion. I think back, to the beginning of the end of Wall Street's most excited when one after the other Wall Street firms announce bonus amounts, compared to a than a gorgeous. This company employees an average of 200,000 dollars, the company $ 300,000, the media also followed the crowd helped a number of Wall Street money, causing wall street workers are like a star. Memory of the most prosperous year, Lehman Brothers, each employee's average bonus of $ 520,000, $ 560,000 at Merrill Lynch, Goldman Sachs $ 660,000. Wall Street more than 300,000 employees of that year, per capita income is $ 300,000, more than higher than the United States 7 times times the average income.Those traders, fund managers, every year a million red envelopes is no big deal, hundreds of millions of red envelopes are not rare.

However, the vast majority of the General staff of Wall Street's bonus income, rarely more than 12 months ' salary, people who can get more than average amount of the bonus ($ 300,000), not upper executives, Managing Director, is the big-time traders, gold analysts or Fund Manager, red envelope at every turn in each of these people millions of dollars or tens of millions of billions. But they are still below the Wall Street of the total number of 1%. We can see that these so-called bonuses are "average".

Most of the employees of Wall Street's bonus amount is three to six months ' wages, and replaced with the hour, the hourly rate is not high. In addition to bonuses, employee with at least 5% "chucked out", it can truly be "were the new smile, who heard the old man cried". Wall Street firm to employees for performance evaluation twice a year in July, "warm-up" at a time, score at the end, meet expectations is 2 points, exceeding expectations of 3 minutes, did not meet expectations only 1 minute. Once only got 1 point have to leave it. There are of course fine Prize, who was awarded 3 points, will it be possible to get a red envelope, raise capital, will also qualify.

One might ask, what if we all worked very hard, doing very well, not No 1? No! Because of that but there are places, always have three-5% to 1 min, another 20%-four who get 3 points. In other words, however each company at the end of each year at least 5% per cent of staff-plated.

Leave nature of sorts, then promoted a raise must be a good thing? Not necessarily so. Author of a boss had described, Wall Street career as high jump, your level is the height of the bar, jump over Rails up after moving (upgrade), everyone's eyes were tightly pegged to the benchmark. From small cage to move in small single room, and is in the room, then big single room, and finally moved into "corner office" sthOnce you jump over the cross bar touch down, the outcome is like high jump athletes is natural selection, leave it to the.

To put it bluntly, this practice for issuing bonuses Wall Street investment banks stimulate traders, sales, as well as fund managers work hard once the basic "trick". Once Wall Street practitioners have expectations about the bonuses, they would have a top-two or even three, regardless of day and night to serve the company hard, even got bonuses, it would be at the expense of valuable time or health.Therefore, unable to get big bonuses white collar, gold collar, not envy others, the capitalist is not a charity home, bonuses must be in the back of higher pay, there may even be very hard, reap sth

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