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Happy Monday Lisa everyone!
Hi Fishes...am very much confused , need some insights.I’m now confused between these two. I work for Product based company and have offers with the below orgs 1. Common wealth bank as Senior Business analyst , 2. EY GDS as Principal Consultant ... YOE is 9 years and CTC is 29 fixed for both. Commonwealth Bank or EY for Good learning and better work life balance
How is this STILL a train wreck?
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Summary: Juniors want lower hours and be compensated for overtime. This is because they value the ‘life’ aspect over their ‘work’ aspect.
This movement is spreading throughout law, audit and potentially consulting in Australia.
Just check what is happening with eXtinction Rebellion, Greta at Davos, circular economy, permaculture, veganism, cryptocurrencies, ... the world is changing and the fight will be very tough. The best step towards change is to take another path. No clients or consultancies will survive if they have no workforce. And that workforce is waking up to 30 years of bs politics. I am telling u, interesting times !
Rebellion is under way
Article says they average 7.5 hours per day?
Is a 40 hour week long in Australia?
40hrs are standard contractual working weeks
I feel the argument against this, for better or for worse, is always from partners/upper management
“I did it when I was younger and you need to pay your dues just like I did, now stop whining “
Times were different for Partners. They stayed in the same firm for their entire lives. While the younger generation are more flexible in changing careers and aren’t enticed by the partnership pyramid model.
This is perfectly fine, just reduce pay. You don't deserve the pay if you're not producing what's expected of you. Exempt employees are paid to complete a job, not 40 hours.
It's both economics and common sense. If you hire a full-time receptionist to do a basket of activities and he decides he only wants to work 40 hours, but that means he won't finish 3 activities a week. No matter how kind-hearted you are, you can't just say ok. You lower his pay and make him an hourly employee.
In consulting, if you decide you only want to work 40 hour weeks, but you take 50 hours to do what your peers do in 40, then why would I pay you the same. Or if I've hired you to bill 40 hours weekly plus 5 hours of internal work, and you decide you don't want to do the internal work anymore. In a perfect world, I now hire someone to do that work with a portion of your salary.
I'm all for more reasonable hours, but the workload is one of the reasons why consultants, bankers, lawyers are paid the way they are. With that said, I rarely work more than 45 hours, because I can complete what's expected of me in 45 hours but those expectations are why Huron pays less than most firms.