Non-motoring > Friday Meetings - Crap New Targets Miscellaneous
Thread Author: zippy Replies: 25

 Friday Meetings - Crap New Targets - zippy
I've been thinking about posting this over the weekend...

Friday meetings are never good. Proper meetings are on a Thursday which allows for a drink after work.

Friday, at the end of the month (well end of the accounting period on the 2nd) is never going to be good.

In the meeting, our new director insisted that we double our workload. He's a "systems person" and has never worked in credit risk business banking and doesn't understand what we do. He looks at the fields we complete and tots up how long it takes to complete the fields without any thought as to reading the case, looking through financials, the calculations and decisions that go in to the inputs made. (Pressing the approve button takes 10 seconds but has 15 hours work behind it.)

I wrote about the loss of key software in the computer section last year which made it difficult to complete half the number of cases per month, but we persevered. My colleagues are working weekends to keep up on the original numbers, let alone the new ones. The other edict is that case quality cannot suffer so there is no cutting the work that we do for each case.

We are not alone, our rivals have made seriously brutal cuts to their equivalent teams but they got redundancy payments. In the past, if we wanted a new job, we just called up one of our friends at the other banks, but they've all gone and my colleagues have done the same with their friends. The cuts are so deep that we no longer know anyone at the other banks. :-(

There are no such redundancy offers here. It has been made abundantly clear that it's a case of keep up or get performance managed out.

I'm too old for this carp and I'm not working 19 hours a day (I saw a colleague log on at 07:00 and log off 02:00 the next morning and the system shows idle time and there wasn't any).

I may think about early retirement, 5 years before I wanted to.

Timing wise, it's crap. I may see if I can hold out to the new year, but any crap and I'm walking.
 Friday Meetings - Crap New Targets - martin aston
I can empathise with this so much. My last few years at work were ones of unremitting cuts and pressure. Mistakes were inevitable and then subject to forensic investigation and blame. Fifty, sixty hours a week plus travelling were the norm. Not nice. How you manage 19 hours a day in this environment is unthinkable.
Like you I saw it coming and luckily had an early retirement escape plan which proved successful. If you haven’t already done so it’s worth taking financial advice for example regarding maxing pension contributions and reducing outgoings. If you can, avoid a hasty decision and look at all the options including early medical retirement if that’s possible.
If you are minded to work elsewhere make sure your LinkedIn profile is up to date and consider registering with an Agency.
You’ve probably got all that covered but your situation resonated so much I just had to give you my pennyworth.
 Friday Meetings - Crap New Targets - Bobby
And don’t forget, if they are treating you like crap then presumably you have a decent sick pay policy?
6 months full pay for stress should give you enough time to reconcile your thoughts, take stock of the situation and, most importantly, ironically so, see what life is like without the stress of work.

My brother was 58 when covid hit. Area manager for one of the bookies. Target after targets, management by spreadsheet. Been in the industry 35 years but kept getting new bosses that were fresh with the latest textbook and consultancy management techniques. Stressed. Irritable. Could never plan his social life due to work constraints and their habit of dropping in demands for new reports to be submitted.

Then covid hit. And they were all furloughed. And he sat back for 3 months and realised what life could really be like. Got hold of his pensions documentation, made enquiries and retired on his 60th birthday.

Is currently touring through Italy with his missus. Think this is his third holiday since retiring. The benefits of being able to commit to cheap Ryanair and EasyJet early flights releases without second thoughts.
 Friday Meetings - Crap New Targets - smokie
"6 months full pay for stress" - a mate did this (only 3 mths I think), went back for a few months then retired, at about 57 IIRC. He is comfortable but not rich but is a completely different character now, and has absolutely no regrets.

OTOH I know someone who felt they were indispensable and worked till about 70, retired and had Alzheimers within about 3 years....
 Friday Meetings - Crap New Targets - Terry
Your story resonates and looking back there is a sort of inevitability to it all.

Age 30, those in their 50s and 60s seemed thoroughly negative - a drag on the business. Tried it before and won't work resistant to change, inability to deal with new tech and ideas etc.

Inevitably I became one of the 50+. I began to adopt the views of those who 20 years earlier I had found so negative. Interesting jobs went to younger colleagues. Any opinions I had were increasingly ignored. I began to think old systems were the best. I was bored and demotivated.

I had the good fortune to be a public sector employee - when offered an early retirement deal (age 58) it took little time to accept. Absolutely no regrets since. I spent almost exactly 40 years (bar a few months) working - it was time to do something different for a decade or two (health etc permitting).
 Friday Meetings - Crap New Targets - Zero
In my outfit, the company started to actively manage those aged 45 and over out fo the company, despite being found to be an illegal practise in many jurisdictions.

So I took early retirement at 56, took a lump sum out my pension and paid off the mortgage. Did some part freelance consultancy (ironically at my old clients) for 3 years.

The government, alarmed by the lack of skilled/semi skilled workers did some research, and have found that 2.5 million workers aged 55 and over have left the labour pool.

Little wonder really.
 Friday Meetings - Crap New Targets - Bromptonaut
>> Age 30, those in their 50s and 60s seemed thoroughly negative - a drag on
>> the business. Tried it before and won't work resistant to change, inability to deal with
>> new tech and ideas etc.

The bolded bit is corporate memory. "Why will it be different this time?" is a very powerful question. There may be good reason now why something that failed before will work but on the other hand some things, like the laws of physics, are immutable.

>> I had the good fortune to be a public sector employee - when offered an
>> early retirement deal (age 58) it took little time to accept.

I too had that good fortune although the offer of early retirement was a consequence of the organisation I worked for being abolished. A lot of other colleagues were, and one or two still are, on the treadmill of ever increasing expectations and targets. The quango was, to some extent, protected by being an Arm's Length Body with an independent Chairman. Was required to be interviewed for posts as part of the redeployment process and, were I successful, I could see myself removed from the prospective redundancy pool with only a short trial period. Those I got interviews for were management heavy and frankly not the sort of role I'd want and where Performance Management was a risk for me.

I managed to avoid being offered anything until very late in the day by which time Voluntary Early Severance was actually on offer. The fact that the quango was not formally abolished until the relevant order. a Statutory Instrument subject to an affirmative vote in both houses, also helped. As did the fact I'd have a key role in winding up post abolition.

I had a letter from a high up conforming I could not be redeployed until abolition in August 2013. Caused no end of bother with the Redeployment Team who asserted such a letter should not have been written. I gave the relatively junior officer telling me I had to be interviewed for a post where somebody was needed immediately in June to take it up with the letter's author...

Left the service at the end of November with an unreduced pension. They kept me in harness for a final 3 months with literally nothing to do. A former manager who could have used my time to do some troubleshooting for him was spitting tacks!!!

Working now in the charitable sector we're a little removed. However, the DWP funded project I was on until the end of August this year was gradually becoming more call centre with a rigid target for daily cases and less time to be a proper Welfare Rights Adviser.
 Friday Meetings - Crap New Targets - Terry
I worked for a specialist government trading fund (TF) which relocated ~1200 people in ~2004.

By 2012 it was evident that the mix of employees was getting quite skewed - most who had made the commitment to move 150 miles were still there getting older (and set in their ways). Those recruited locally in ~2004 were also still there - generally younger and in developing careers.

The TF had a high level of financial independence - subject to the Treasury dividend requirements - make too much profit and the dividend went up.

The early retirement project (IMHO) soaked up surplus profits and benefitted the business bringing in new blood/new ideas etc. Better to "invest" in the business than give it to the Treasury.

That the Treasury got a lower dividend was not a major concern for the management of the TF!!
 Friday Meetings - Crap New Targets - bathtub tom
>> The benefits of being able to commit to cheap Ryanair and EasyJet early flights releases >>without second thoughts.

Daughter and family flew back from Prague last week. Tested positive for covid yesterday. I wonder where she got that?
 Friday Meetings - Crap New Targets - Bobby
Could be anywhere?
Plenty of covid in uk.
 Friday Meetings - Crap New Targets - Bromptonaut
>> Could be anywhere?
>> Plenty of covid in uk.

Daughter went to a hen night near Nottingham over the Aug BH weekend. Something over half the hens have since tested positive. D was feeling unwell bit tested negative. She's only just recovered from a bout where she was positive.
 Friday Meetings - Crap New Targets - smokie
"over half the hens have since tested positive"

For what, bird flu? :-)
 Friday Meetings - Crap New Targets - zippy
Lots of grumpy faces on the Teams meeting this morning.

One of the team leaders didn’t turn up.

Apparently he told the director to “stuff it” on Friday.
Last edited by: zippy on Mon 5 Sep 22 at 13:21
 Friday Meetings - Crap New Targets - CGNorwich
Took the bus from Trogir to Split today. Bendy bus absolutely packed. Post covid survived seven flights, seven airports, numerous train and bus journeys, shops cafes and restaurants. Perhaps am pushing my luck but hey ho.
 Friday Meetings - Crap New Targets - Bobby
I am in Zante Greece just now.
Didn’t bother with masks in any of the journey and none evident out here.
Still do the ONS monthly tests and my son who still lives with us got his results back saying he was positive on the last test even though he, and us, Knew nothing about it!
 Friday Meetings - Crap New Targets - CGNorwich
I do the ONS survey too. £40 per month for a drop of blood and a throat swab is a nice little earner.
 Friday Meetings - Crap New Targets - bathtub tom
>> I do the ONS survey too. £40 per month for a drop of blood and
>> a throat swab is a nice little earner.

Forty quid, I only get twenty now? I've never been asked for a vampirical sample, although SWMBO would be delighted if it would indicate her immunity (she's CEV - Clinically Extremely Vulnerable).
Last edited by: bathtub tom on Mon 5 Sep 22 at 21:47
 Friday Meetings - Crap New Targets - CGNorwich
£40 for the two of us.

I think only a proportion of those tested were requested to give blood samples. They let you know if you have antibodies present although that does not necessarily indicate immunity.
Last edited by: CGNorwich on Mon 5 Sep 22 at 22:21
 Friday Meetings - Crap New Targets - zippy
This Friday's meeting...

We were a well considered team in the business - a specialist credit risk unit. One down from the product's Managing Director (my boss reported to the MD).

As of Monday, we have now been transferred to a new business unit within the bank and we are 4 levels from the MD's office.

The new division is known for its commoditisation of the banks products. I.e. we will be streamlined, service levels will be cut. Workload will go up.

We now sit in operations which has a much narrower pay structure which means that pay-rises will be few and far between as many of the team are above the maximum for that department.

The MD spoke to us and said that workload will be high and they may take on more staff, but workload will also increase. There will be no redundancies (which is bally annoying)!
 Friday Meetings - Crap New Targets - smokie
I'm so glad I don't have to work anymore. That sort of stuff was endless in the company I worked the longest. As a computer technical group, we used to get a new manager fairly frequently, and it was never one of us techies, as we were too knowledgeable and valuable for our tech skills. New managers always want to change the way things are done but we went round in circles often ending up working exactly same as we had in years previously. We were fairly unmanageable anyway really, as there was a job to be done which we, but generally speaking not the managers, knew how to do, so we just had to cope with different processes wrapped around the same old work.

Having said that, my techy days were the most satisfying years of my working life, and I missed them when I was shuffled into technical project management.
 Friday Meetings - Crap New Targets - Terry
When we were 30-40 years old, the opinions and attitudes of the 50-60+ long service staff were often perceived as negative and obstructive. As we approach retirement we start to adopt the behaviours of which we were so critical 20-30 years earlier.

By my mid-50s I felt marginalised, interesting projects went to younger more energetic staff who parroted the corporate line. I considered going part time but fortunately a voluntary early retirement program intervened. I am now very happily retired.

Skills required of technical staff are very different to those required of managers. Tech staff need very specialist skills. Managers need to know about managing finances, staff recruitment, agreeing project priorities etc.

Both groups benefit from having a reasonable understanding/empathy of each other's work.

If criticism is to be levelled - often managers are seen as senior, and better rewarded. This encourages techies to seek management roles despite a personality unsuited to the task. There is a strong argument that some top specialists should be better rewarded than their managers.
Last edited by: Terry on Sat 17 Sep 22 at 22:29
 Friday Meetings - Crap New Targets - Zero
Managers get promoted to their level of incompetence.
 Friday Meetings - Crap New Targets - MD
Excellent. I shall use that line.
 Friday Meetings - Crap New Targets - Clk Sec
>> Managers get promoted to their level of incompetence.

The Peter Principle.
 Friday Meetings - Crap New Targets - Fullchat
"Managers get promoted to their level of incompetence."

And above
 Friday Meetings - Crap New Targets - MD
I’m fairly sure that that applies to most industries Terry.
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