How many people earn less than 50K p.a. in the ASB bank besides part-timers?

Most of the tellers probably. I wonder what the percentage of people earning under 50 k. That is a pretty good wage for most people, and people in banking it may not be, which shows they are being overpaid.

Hmmm, running out of money?

To say someone is overpaid on the basis of a only dollar figure in isolation is a gross generalisation.

Well said Trev. Are you working in Wellington ? :-)

Trev Says:
April 17th, 2009 at 3:18 pm

It does not show they are overpaid or underpaid. To say someone is overpaid on the basis of a only dollar figure in isolation is a gross generalisation.

I was refering to the whole banking sector in general, in terms of the whole credit crisis, as banks are one of the major reasons we are in this mess. Banking lending to people to buy houses, who couldn't afford to pay it back, which inflated house prices throughout the world.Hence they are being overpaid for a badly done job. Perhaps I a tarring all banks with the same brush, but people have done the same with finance companies, which is why most in NZ failed before the government guarranteed the remaining ones that had hung on by the skin of their teeth.

Remember most people in NZ earn under $50k, and probably work just as hard for the wage.

APparently ASB have 3500 people earning over 50k, so I wonder what their total staff numbers are. 3500 sounds a lot, so I assume it is most of them.

1200 earn less than $50k.

That is probably all the front of house staff, such as call centre workers and tellers.

So they are freezing pay for 75% of their staff. That is quite a high percentage getting paid over 50k ! Not many businesses would have that sort of percentage earning over 50k. 50 k is a very good wage where I come from.