All the shite about bankers being bastards is fair enough I guess, like yesterday I kicked an auld cripple in the face just for the hell of it. But, for the most part, the vast majority of those working in British banking today don’t get the big wages and big bonuses that make all the headlines. I reckon for the vast majority a chunk less than the national average topped up with performance related bonuses that aren’t pensionable constitutes their total, annual earnings.
Of course that’s a shite story for the papers so its probably best to keep schtum about it. Or at least it was until the RBS head of UK corporate banking went rogue. Like according to this mad, maverick man, the average tenure for RBS business managers i.e. the bods that go out and about trying to arrange loans and bank facilities for corner shops, is 12 months. This was a bad thing it seems because it got in the way of relationship banking, hence business managers will have to go out and work in a small business for a coupla days a year to make sure they empathise with and understand their clients.
Really? Like is that the answer? I thought the real issue here is why the utter fuck are business managers changing jobs every year? Are RBS not paying the going rate so people fuck off elsewhere (bearing in mind paying the going rate is the argument RBS use to justify paying multi-million investment banker packages)?
Alternatively, I’ve been fortunate enough never to have had fuck all to do with business banking, but I’ve blethered to a few who have and who've made clear its an sales target driven fucking nightmare. So are RBS, that admirable civil service institution, working people too hard by setting their sales targets too high? I think as taxpayers we should be told given the additional recruitment costs this would appear to be imposing and the poor quality service it would appear to be delivering as a result.
In the meantime it was a good laugh reading shite like this given the complete lack of self-awareness there appears to be about how the business is being run and the associated insight into what actually matters to exectives. It was also rather lovely of the Telegraph no to even ask why so many bods leave so quickly. There again business managers do tend to be rather common.