<p>The transportation is about employee safety and the meals are about keeping them chained to their desks! Those will stay. But if morale depends on money, some will have issues as there will be less of it for awhile.</p>
<p>I know plenty of people who work in NYC and elsewhere who have to work >14 hour days do not get paid cab rides and dinners. If the work is there, you HAVE to stay, no matter what. That's just reality. Just ask any programmers and engineers who have deadlines. My son works in PE, workdays are >12 hours. He doesn't get these perks. He used to when he was in IB. His morale is great since he still has a job and was given a promotion several weeks ago.</p>
<p>Is his a front office or support job cbreeze? I'm truly surprised there's a PE firm in NY that doesn't pick those thing up. While bonuses will be down at banks, no one has uttered a work about the small perks and the thinking isn't about to get that small.</p>
<p>Programmers and engineers have never been treated like ibankers. My engineer son keeps reminding me!</p>
<p>He's not in NYC anymore. That's what I am trying to get at. Nobody else is getting them. Ibankers in NYC are just too spoiled and when the banks are accepting bailouts these small perks (totally unnecessary today IMHO) add up.</p>
<p>My S spent 3 1/2 years in IB; when he left, he was an associate. Now he base salary is akin to a VP. He's only 26. I realize the job is stressful, but he can very well pay for his own dinners and cab rides</p>
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Ibankers in NYC are just too spoiled and when the banks are accepting bailouts these small perks (totally unnecessary today IMHO) add up.
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<p>This may not be as relevant in the post-Guiliani era, but you can't have your employees needing to risk getting mugged late at night on the subway on a consistent basis as part of their job description. Nor can you really expect to make your employees spend $30+ a day extra in food and transport costs as part of their job description because of the need to continuously work late.</p>
<p>Cbreeze's earlier post made me think about my early days (dark ages, early 80's), when it wasn't always about having piles of work, it was about looking like we worked harder than everyone else. You couldn't leave before the VP's. </p>
<p>So we invented ways to get out of the building for some fun, making one boss think we were working for another. We'd leave all the lights on and our jackets on our chairs, grab a Fedex box and head for the elevator. Or piles of paper pretending to be heading to the printers. We'd have dinner and a few drinks and return after we knew they'd gone home to get our stuff.</p>
<p>gellino- a lot of them didn't cab home from work, they cabbed to bars first. ;)</p>
<p>hmom5- sounds like fun times.</p>
<p>14k / 10 weeks at BB, no overtime, but meal allowances</p>
<p>^Two year old bump 4tw.</p>