There are alot of people complaining of excessive paying of employees.
I think this is a good thing. Take revenues as fixed, one dollar saved at staff compensation ultimately means 1 dollar more at net profit level. Keeping things simple, this 1 dollar saved goes out to shareholders as dividends. So it appears this becomes debate of shareholders vs employees. I would say pay the employees. They are the ones who work on the front line. Shareholder who contribute capital but not time and effort
Should take a backseat. Think this improves income equality also.
Just my cents worth
Quote:
Originally Posted by Unregistered
Amongst the 3 local banks, who pays the best? I was one rank below AVP in foreign bank,drew 8+ with 3 years exp. Maybe local banks should stop underpaying their staff else all the talent will go to the foreign banks
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