Never
wanted to work at big four and the likes.
Never been
attracted nor impressed by pace and style of work those firms stand for.
Never
envied friends who had pursued their careers there, despite their higher
earnings.
But
whenever I heard stories of people knocking off at midnight or spending
weekends in the office or in front of their company laptops, I wondered what
had prompted them to make such career choices and why (most of them) had not
given up on them. There are three reasons that come to my mind when you ask me
to put across why somebody bends over backwards and sacrifices their best years
to a wicked corporation…
Firstly,
money. Full stop.
Secondly,
it is the stepping stone. You sacrifice some three years which begin around the
time you graduate and at the age of, say, 26 or 27, you are a valuable employee
who can pick and choose from decent, rather nine-to-five jobs with a monthly
basic five-digit pre-tax salary.
Thirdly,
whatever turns you on. I see there are people who are in their element when
overloaded with work, struggling to meet deadlines, racing for bonuses with
fellow workmates and genuinely draw pleasure from toiling away.
In Polish
banking, work style does not resemble neither the big four torment, nor the
investment banking style characteristic for the City or Wall Street. An
ordinary folk, if they are to imagine a bank employee, they will most probably
see someone sitting in a bank branch and foisting cash loans or mortgages or
deposits or other lousy “products” on benighted clients. Those people, working
in retail branches, making up majority of banking sector employees in Poland
are poorly paid, fall victims to mobbing and are forced to meet exorbitant
sales targets. No wonder staff turnover in branches is high.
Besides,
there is a world in between the City and the branches. These are head office of
banks registered in Poland. Work there does not resemble what goes on in the
City, yet salaries also are far lower. Bankers in Poland generally do not work
70 hours per week, but their bonuses will not buy them flats in Warsaw. Albeit,
it has to be noted, in legendary late 1990s and before 2005, when property
prices were reasonable and banking sector in Poland had its best years in terms
of profits, decent annual bonuses of senior specialists or managers were high
enough to buy a small flat. Years from 2006 to 2008 were the three last years
when sky-high bonuses were witnessed. Unfortunately, since property prices
skyrocketed, purchasing power of bonuses drastically dwindled. Then Lehman
Brothers went into the wall and banks across the world, in order to shield
their profitability, began to rip off clients even more and cut costs
internally, which involved nothing else but cutbacks.
Cost
restructuring and employment restructuring have been on-going processes for
seven years now and though more work needs to be done to keep banks expanding,
fewer people do this and the trend cannot be attributed to technological
progress, since we are here talking about highly-qualified staff whose work
might not be replaced by computers.
The New
Factory is also in the state of flux. There have been some redeployments here
and there inside the organisation, as a result of which I got transferred to
another team, with exactly the same duties and along with another person I had
to take over duties of someone who now is attempting to pursue career outside
the New Factory. Needless to say, the transfer (effective as of 1 November
2015) was communicated to me as appreciation of my excellent work and proof of
trust senior managers put in me.
The actual
outcome is that I spend around ten hours a day at work, my pace of work is
frenetic enough to pose excessive risk of mistakes and not allowing me to
adhere to principles of diligence. Plus I was falling behind with work, so in
order to catch up and meet all deadline, I ended up with the company notebook
at home over the weekends. In spent most of the weekend two weeks ago working
and nearly the whole Saturday a week ago. Most stuff I had to deal with got
finalized this week, but I had lots of small overdue issues to carry through,
so I got immediately fixed up with VPN, allowing me to have access to company
mailbox and network resources everywhere where I have access to the Internet.
The new handcuffs are of course another accolade…
The only
question is how long can one carry on like this. Out of 22 days which have
passed in November, I had three when I was completely off work. Forgetting
about work and turning off one’s mind in such circumstances is difficult. To
boot, the excessive involvement in workplace goings-on appears compulsive. Over
five years spent in banking I have seen several workaholics, have always looked
at them with disdain, yet today I see myself growing akin to them, what fills
me with slight dread.
How long
then? I will not bother to answer, but I will dare to ask another question –
what is the price to pay?
Firstly, it
is the stress. I tend to put a bold face and always prove to deliver what I am
expected. The outside effect is (as I am told) impressive, but the inside cost
is felt by me only. Coping with time pressure and massive amount of information
to process cause brain to work on high revolutions, something that is
sustainable only for a short period. Carrying on like this leads to side
effects such as chronic fatigue or problems with concentration.
Secondly,
it is less time for private issues. On Thursdays I have set a general rule to
knock off at 5 p.m. to make it to the dance class. I gave up on the last one,
but it was only because the new boss had invited my team to an eatery and
turning down the proposal would have been impolite. Besides, as some friends
would convince me, the worse you have it at work, the more you feel tempted to
seek entertainment outside it, provided you are not totally drained of energy.
Plus I am glad this s**t has fallen on me now, not a year ago. I was in the
luck not to be overloaded with work while on the home straight to earn the
Charter.
No comments:
Post a Comment