As Chinese New Year's Eve approaches next week, bank employees don't seem to be feeling the festive spirit. Driven by money, they still stick to their posts, but the inner fatigue is difficult to hide. From the year-end sprint to the good start, the banking business is busy, and the faces of employees are full of fatigue. They are all looking forward to the Spring Festival holiday and generous year-end bonuses to comfort their souls. As the Chinese New Year approached, some unfavorable news began to spread among employees.
Every year before the Spring Festival, the most discussed topic among bank employees is the year-end bonus. In the past, they would ask each other about the amount of the bonus, but now the situation has changed, and they directly ask if there is a year-end bonus this year. According to a number of bank colleagues, a bank in the province has canceled the year-end bonus this year, including a large state-owned bank and several top-ranked joint-stock banks. This is undoubtedly a heavy blow for bank employees. Working hard all year round, their income mainly depends on the bonus at the end of the year, and now they are suddenly notified that the year-end bonus is not issued, and I really don't know how to spend the Spring Festival.
The bank gave some official explanations, mainly including a sharp decline in overall revenue, poor assessment rankings, and risk exposure that needs to be digested. They said that the difficulties are only temporary and will definitely improve in the future. So, many friends may wonder if the bank will not issue year-end bonuses in the future, does it mean that the resignation of bank employees is coming?
In my opinion, turnover is normal and even necessary, but there will be no wave of departures. Instead, banks can take the opportunity to transform. It takes a lot of determination to leave the banking industry. The employment scope of bank employees is relatively narrow, and although the nature of the work seems to be training people, it is actually cultivating "professionals". In particular, veteran employees who have been in the industry for many years may not be familiar with other fields except for the financial industry. As a result, they don't give up their existing careers easily. The old employees are relatively stable. The development of the banking industry is not as good as the year, and employees have more or less expectations in their hearts. They had already anticipated that this year's prize money would be reduced or not paid, so they had already tried to find a solution. Now that the decision to cancel the year-end bonus will only prompt those who are hesitant to make a choice, and other employees will not be so impulsive for the time being. Finally, the salary adjustment is also a delaying measure. Banks have given out year-end bonuses for so many years, and the sudden cancellation is sure to make employees uncomfortable. Therefore, the bank will comfort everyone in other ways, such as adjusting the compensation system, changing the annual bonus to the quarterly. This transformation is actually intended to alleviate employee dissatisfaction and reduce their expectations for secondary income.
Bank management is not afraid of employee departures, they are worried about the inability of business continuity. The abolition of the year-end bonus is actually a test to clean up the unstable personnel of the military and at the same time redistribute work responsibilities to achieve the goal of reducing costs and increasing efficiency. Now it seems that the bank employees have lost again. (Thank you for your attention, I am a little boss in the financial circle, I look forward to your consultation and message!) ）