Young Goldman Sachs bankers ask for 80-hour week cap
Discussion
Young Goldman Sachs bankers ask for an 80-hour week cap. This is down from 95hrs per week. Excuse me for thinking, but this is just b
ks. I've put in 50 hrs a week occasionally in the past for short periods for urgent work, and I know how draining it is. Falling asleep at the keyboard wasn't unusual. Just how does management think a human being can function effectively working like this? I believe air traffic control operatives only work in short bursts, 2hrs max, and then a break. Exhaustive monitoring has shown this to be the limit for intense concentration by a human.
PS. Goldman Sachs reported net revenues of $44.6bn (£32.1bn) for 2020.
ks. I've put in 50 hrs a week occasionally in the past for short periods for urgent work, and I know how draining it is. Falling asleep at the keyboard wasn't unusual. Just how does management think a human being can function effectively working like this? I believe air traffic control operatives only work in short bursts, 2hrs max, and then a break. Exhaustive monitoring has shown this to be the limit for intense concentration by a human.PS. Goldman Sachs reported net revenues of $44.6bn (£32.1bn) for 2020.
Most people can't work productively for those hours.
I've done it on the odd occasion when needed, but, not for months on end.
The only people I've ever known work like that in an employed job month to month have generally been disorganised and have nothing else in their life. They're been usually unreliable at getting things done as part of a team as they assume everyone else is happy to go to a meeting at 9pm or 6am to meet deadlines.
I've experienced it with offshore teams as well - and they've not exactly noted for their high productivity.
Suspect in many cases it's young people being exploited - being promised the world and not wanting to be seen to be the lazy one.
Can understand it totally if you're running your own business - but, at the end of the day, you reap the rewards.
I've done it on the odd occasion when needed, but, not for months on end.
The only people I've ever known work like that in an employed job month to month have generally been disorganised and have nothing else in their life. They're been usually unreliable at getting things done as part of a team as they assume everyone else is happy to go to a meeting at 9pm or 6am to meet deadlines.
I've experienced it with offshore teams as well - and they've not exactly noted for their high productivity.
Suspect in many cases it's young people being exploited - being promised the world and not wanting to be seen to be the lazy one.
Can understand it totally if you're running your own business - but, at the end of the day, you reap the rewards.
I've pulled weeks like that, but only on occasion for end of month "crunch" scenarios. Being expected to do it by default? Nope, not happening.
I think the issue is there will always be someone who thinks being willing to do it will get them in well with those in charge, and so it becomes known that you can make these types of demands on people and you'll probably find someone to do it. If someone won't, or used to and burned out? Throw them away and get another out the pile.
Not a good thing, really.
I agree, a big chunk of money is nice, but as with long or bad commutes, or dealing with knobs, I've long settled into viewing things more on the basis of what I call "money to hassle ratio".
I think the issue is there will always be someone who thinks being willing to do it will get them in well with those in charge, and so it becomes known that you can make these types of demands on people and you'll probably find someone to do it. If someone won't, or used to and burned out? Throw them away and get another out the pile.
Not a good thing, really.
I agree, a big chunk of money is nice, but as with long or bad commutes, or dealing with knobs, I've long settled into viewing things more on the basis of what I call "money to hassle ratio".
I have a lot of sympathy for them, as that's a crazy volume of work to be expected to do, and probably just managers on power trips or disorganised with short notice demands.
However its not a big secret that firms like this, Investment banks, big 4 consultancies etc use this "burn them out and discard" model, with the promise of future riches to entice people in.
What exactly did these graduates expect, with employer review sites like Glassdoor, they should be aware of how graduates are treated there
However its not a big secret that firms like this, Investment banks, big 4 consultancies etc use this "burn them out and discard" model, with the promise of future riches to entice people in.
What exactly did these graduates expect, with employer review sites like Glassdoor, they should be aware of how graduates are treated there
I know somebody who is a corporate climber, goes the extra mile and all that. Senior in a major international company and has much more money than I do. On the rare occasions that I now meet them, they seem quite miserable.
Another person I know flogged their guts out for a company for years, long commute etc. was sacked/made redundant in a fairly unpleasant way. Now back to similarly flogging their guts out for another company, with an even longer commute. Not miserable, but somewhat obsessed.
I do wonder what makes them tick and what the point is for them.
Another person I know flogged their guts out for a company for years, long commute etc. was sacked/made redundant in a fairly unpleasant way. Now back to similarly flogging their guts out for another company, with an even longer commute. Not miserable, but somewhat obsessed.
I do wonder what makes them tick and what the point is for them.
AngryYorkshireman said:
Most people can't work productively for those hours.
This, unless your paid commission for hitting targets or by the hour then it's foolish to work yourself into a grave for someone else.One good thing about working from home (plus the advance of analytics in business) is that presentism is dying out as people can prove they are more productive working 30 hours a week than 60.
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