Micromanaging has been a known occurrence for a long time now. I, as a long-timer at the company, remember the times when that kind of management was not present. A manager would give you guidelines on what to do and later value your work as you completed it. Of course, if we needed help or guidance we would go to the manager ourselves.
Now it’s a whole different story. I receive “a million” questions,remarks, comments from my direct manager on a daily basis. I don’t even want to mention all of the pointless meetings.
As someone who always took pride in doing a good job I can honestly say that my performance has deteriorated a great deal since these practices were adopted. To put it simple, how are we expected to have any sort of contraction on work when we are constantly interrupted, and all of the time we spend reporting to the manager is the time in which we are not doing any actual work.
What bugs me the most about this is the fact that the company leadership is not only aware of this behavior but encourages it . It doesn’t take a genius that micromanagement isn’t working nor bringing any value to the company. Will anyone from the leadership ever bother to put a stop to this?
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Micromanaging does work. How long, I do not know. There will be a continuous revolving door of firings and resignations which will then be offset by new hiring and training. This is very costly. Both in dollars and cents and employee moral and manger and department reputation.
I do know that the client and shareholder servicing department bring in very little to now revenue for some. One can review BNY year end financials for this information. Hence, in an effort to bring up margins in these areas we all know what happens. In addition the monthly goals one has to achieve on
a consistent basis is unachievable. To achieve this on a consistent basis one risks the loss of their happiness and acquiring an awful amount of anxiety. This then spilling over to ones personal life.
Exactly! It's like my BS in computer science and 30 year track record of successful projects wasn't enough. There's been more than one occasion where they ask me for an estimate and they say it's too high and start whittling down the time for each task until they have a number that fits into their schedule. Kinda bass ackwards. Then when it takes longer than their artificial timeline they blame us.
I have never seen such condescending micromanagement in my life.
Professionals are treated like children by insecure bullies.
If we need to treat our job like it’s our business where’s our stock options etc like the top of house gets? Then we can say we are part owners 😎
Those days are long gone and it’s one of many downfalls of the firm.
On the one hand management tells you to treat your job like your own business, spend money as if it’s your own.
On the other hand you can’t give a nickel to a client without going through 47 approvals.
And in many cases the person approving isn’t as smart as you - just x-x a lot of b-tt to get their job.
The client facing teams are the worst offenders.
We had someone “pose” as a supervisor who was here over 40 years and didn’t know anything. What she did to cover for her own major weaknesses was to micromanage you to death- code out emails to you, unnecessary Teams reminders, etc. Thank God she is gone. Nice lady but didn’t know anything.
You haven't experienced the crushing effects of BNY micromanagement until you have experienced working in one the their customer service centers.