Financial-services companies are raising base salaries to compensate for smaller bonuses this year, according to a report in Workforce Management.
“Not ever in the 20 years I’ve been recruiting do I remember a time when there’s so much concern over the stickiness of the talent base,” said Jane Hobson Marcus, partner in the global asset and wealth management division of Heidrick & Struggles. “We’re almost all getting tangled up in what the other guy is doing. I’m concerned that people will overreact.”
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