Viewing a single comment thread. View all comments

flesh2012 t1_j6koh3l wrote

Reply to comment by DannyLameJokes in BNY Mellon takes unusual step in overhauling its 401(k) plan by Jumpy-Natural4868

It depends on position or department in the bank. Those positions are for “high risk”. They make you take two weeks off once a year to help insure you aren’t doing anything illegal that can be caught when you aren’t there to do it.

5

Corny_Toot t1_j6kyztj wrote

Which is totally cool, if you get paid for it.

2

Jumpy-Natural4868 OP t1_j6l317c wrote

Except that may be your only vacation, which sucks.

6

Corny_Toot t1_j6mnpih wrote

It does. It feels like they skip the part where treating workers well means they're less likely to pull sneaky shit.

1

Jumpy-Natural4868 OP t1_j6mqzkh wrote

I'm not sure higher pay means you do less sneaky shit, honestly.

I know it's not directly comparable, but there's a study that looked at people stealing office supplies from work, and it's the higher paid people who did that.

I also think it's an access thing -- if you have easy access, you'll be more tempted to do it, no matter what you're paid.

And in terms of altruism, data shows that people who make less money, on average, contribute a higher % of their income to charity than higher wage earners.

2

Corny_Toot t1_j6my1q4 wrote

So, I'm coming from it from the perspective of the lower end of the ranks here. Staff that might not have enough vacation time accrued for this mandatory policy, for example. If they're made whole, I believe there would be a lower risk. That also includes more than pay for sure. That's providing them respect and solid feedback. Making them feel seen, if you get what I'm saying.

It kind of reminds me of loss prevention practices for retail, honestly. Usually, the most effective thing you can do to prevent theft is just saying hello to people. So in this case, it's more being a good manager and touching base with your staff frequently enough that they feel seen, but not too much that they feel smothered.

I think you're right about access, just having access to that information is a risk factor. Everyone's motivation is different. But pay is a crucial factor in reducing risk. It might not help against someone that's already greedy, but it could prevent someone that's just desperate from making a mistake.

1

flesh2012 t1_j6kz4ht wrote

I wasn’t in one of those departments at the bank, but I’m pretty sure it was your own PTO.

2