Banking Losses per employee??

BenEadir

Hi,

Has anyone totalled up the combined losses of Anglo, AIB, BOI, EBS, TSB, Irish Nationwide, Ulster Bank etc since the date of the bank guarantee and divided it by the number of employees in place as at the date of the bank guarantee to come up with a 'loss per employee' figure?

I know these aren't the real figures but if AIB have 10,000 employees and lost a combined €12 billion since the guarantee was announced it amounts to an amazing €1.2m PER EMPLOYEE!!!!

Can anyone point me to an infomation source where I can see the loss for each institution since the bank guarantee and the # of employees as at that date? I'm guessing if we produce a league table ranking the highest loss per employee in the #1 position the table would look something like this:-

1. Anglo
2. AIB
3. Irish Nationwide
4. Bank of Ireland
5. Ulster Bank
6. TSB
7. EBS
8. Others

Anyone care to help?

Ben

dvpower

Next up. Bank losses per sqft of office space.

erictheviking1

BenEadir wrote: »

Hi,

Has anyone totalled up the combined losses of Anglo, AIB, BOI, EBS, TSB, Irish Nationwide, Ulster Bank etc since the date of the bank guarantee and divided it by the number of employees in place as at the date of the bank guarantee to come up with a 'loss per employee' figure?

I know these aren't the real figures but if AIB have 10,000 employees and lost a combined €12 billion since the guarantee was announced it amounts to an amazing €1.2m PER EMPLOYEE!!!!

Can anyone point me to an infomation source where I can see the loss for each institution since the bank guarantee and the # of employees as at that date? I'm guessing if we produce a league table ranking the highest loss per employee in the #1 position the table would look something like this:-

1. Anglo
2. AIB
3. Irish Nationwide
4. Bank of Ireland
5. Ulster Bank
6. TSB
7. EBS
8. Others

Anyone care to help?

Ben

Ridiculous to try and spread the blame to employees in general:(
I'd imagine less than 1% of the total amount of employees are to blame for the banking crisis.

mikemac

It's a pointless statistic OP, what is the relevance?

Going to walk into your branch and tell the girl cashing your cheque and the porter who opened the door their "loss per employee" figure?
Be sure to shout at them "we own you now!". They realy love that

later12

I would have to agree with the above. I don't necessarily see the benefit of expressing staff numbers as a function of financial loss. They are two seemingly unrelated, or at best, very loosely related, considerations. As another poster suggested, it is a little bit like ranking banks in terms of loss/sq.ft.

RichardAnd

Op, your point is utterly flawed as you've just made figures up. AIB have about 24k employees and a quick google search would have revealed this. Further, only a small amount of their employee base are within the Republic.

I could easily say that government debt now stands at X for every public servant which again, means nothing.

BenEadir

Mmmm, seems like I have touched a nerve here boys and girls :rolleyes:

Average # of employees is a reporting requirement in annual accounts (sq footage isn't ) and I've seen the profitability of competing businesses compared using headcount in several situations so I don't think it's as irrelevant as most all of you state. If employees aren't contributing to the team effort of generating profits (or losses) for a business why are they employed?

RichardAnd - If you read my OP you'd have seen that I openly stated "I know these aren't the real figures" so asserting that my "point is utterly flawed as you've just made figures up" isn't much of a contribution but identifying that a lot of AIB's staff are outside the Republic is in fact useful as I should discard them (and the profits or losses they made) and concentrate on the Irish made loss per Irish based employee :D:D

I'd be surprised if my little project here doesn't produce a Guinness Book of Records entry of some sort.

How many employees did Lehmans have? AIG? Enron? GM?

Ben

chalkitdown

A more interesting correlation is the amount per week since the beginning of time, can't find it now, but I think it was about a fiver a week.

-Chris-

Are UB included in the guarantee? They're part of RBS.

Welease

I think folks are being a bit hard on the OP..

The numbers being requested although fairly useless are no more useless/useful than the revenue/profit per employee statistics that is often used by companies in their end of year reports and is considered an important factor in comparing similar companies for investment purposes.

BenEadir

C'mon now Chalkitdown, stop showing off. Would you really be able to gather all the data for each institution going back to the beginning of time (which I assume means the moment of incorporation for a trading entity such as a bank), factor in the time value of money, different convert old results to Euro etc and average each out?? Fair play, I salute you :cool:

Chris, you're right. UB are part of RBS and therefore outside the Irish Govt's guarantee but I do think comparing their losses to the local banks over the period post the guarantee would be interesting.

Welease - Thanks for the support. The info I'm looking for is not serious analysis for submission to the Nobel committee!! I do think it would make a very interesting way of expressing the sheer scale of the economic Tsunami which the banking system has hoisted upon the country in a similar way to how national debt of countries divided by the number of taxpayers/citizens allows different countries debt status to be compared in a way most poeple can understand.

We're all going to be paying for this mess through increased taxes or reduced public services/social welfare payments or both so I think it's important we all understand the scale of the problem, even if that means expressing it in a rather simplistic manner like loss per employee.

Ben