"How could anyone survive in London on their basic? "
We don't get bonuses, we get basic civil service rates + an inflation based pay rise(no pay increase for the last 5 years). A lot of people I work with ARE trying to survive in London on a lot less than banking staff.
"And the UK needs the City to be strong and to continue to employ the best and the brightest: that's obvious."
Sorry, fell off chair laughing at this.
Nevertheless, I agree that you are entitled to your performance-related pay, assuming you are an "ordinary" bank employee and not someone who has been playing roulette with my money for the last 10 years.
My sister was formerly employed by Barclays (made redundant last year). She took all her PRP in shares , so that's all worth sweet FA. Similarly, my sister-in-law. My brother works for a company that supplies parts to Nissan - need I say more. My mortgage has gone down, but my savings policies are now likely to be worth about 75% less than expected when taken out.
The trade unionist in me thinks you should get your money, the realist says that you are going to have to take a lot less than usual to satisfy the not-so-silent majority.
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Date: 2009-01-29 07:06 pm (UTC)We don't get bonuses, we get basic civil service rates + an inflation based pay rise(no pay increase for the last 5 years). A lot of people I work with ARE trying to survive in London on a lot less than banking staff.
"And the UK needs the City to be strong and to continue to employ the best and the brightest: that's obvious."
Sorry, fell off chair laughing at this.
Nevertheless, I agree that you are entitled to your performance-related pay, assuming you are an "ordinary" bank employee and not someone who has been playing roulette with my money for the last 10 years.
My sister was formerly employed by Barclays (made redundant last year). She took all her PRP in shares , so that's all worth sweet FA. Similarly, my sister-in-law. My brother works for a company that supplies parts to Nissan - need I say more.
My mortgage has gone down, but my savings policies are now likely to be worth about 75% less than expected when taken out.
The trade unionist in me thinks you should get your money, the realist says that you are going to have to take a lot less than usual to satisfy the not-so-silent majority.