Bonuses will apparently be very big but there doesn’t seem to be much hiring. A) Is this bonus optimism misplaced? B) Are we in a new world where a few people have (financial services) jobs and are paid well and others are locked out? C) Has it always been like this anyway?
It appears to be limited hiring for a variety of reasons. The good news would be they are at least conducting interviews. The financial services industry tends to hire at a higher rate than other industries meaning the average employee is entry level. At year-end bonuses flow their bigger lately based upon performance, what comes to mind is senior management negotiates a percentage when hired into the position every year it rises therefore getting larger on a yearly basis. The future should be one of endless opportunities.
Sounds positive, if confusing.
Comprehensible for three sentences and then veers off into the deep waters of mysterious bullshizzle. Let’s be frank here
Not everyone speaks English as a first language
A) No, but more and more, compensation within banks and down to within individual business units can be very unequal, even in front office revenue generating roles.
B) we are living in a world where relatively few are paid very well, many more are paid so so, and hiring juniors still happens but demand for jobs massively outstrips supply so it feels like there’s not much hiring even though there is.
C) it’s become increasingly so over time, starting with post GFC. The bonus round of 2008 (paid out in 2009) separated the people who get taken care of from those who don’t, and once banks saw they could get away with paying several roles a lot less, they kept refining it.
Zoom out, far, far out from the financial services industry so that you have an view of global economies and policies, geopolitical tendencies since the 1980’s, and then you might start to imagine that this was going to happen all along. Once money starts moving upwards there is very little that can be done except hope for foil hat scenario of reset
Mostly tongue in cheek, but what we once had will never be again, so learn to adapt or learn to play a new game.
Seems you may be an exponent of dialetical materialism
Everywhere’’. /
Always with the insights bro