You’re reading...

Job-Search News

Financial-Services Employers Raising Salaries to Compensate for Smaller 2009 Bonuses

More cash in the weekly paycheck may be enough to retain top investment talent in a slow growth economy.

More cash in the weekly paycheck may be enough to retain top investment talent in a slow-growth economy.

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.”

For more salary advice:

Bookmark and Share
ITT Relocation Packages Lure Hires to “Less-Glamorous Locations”
Technology Jobs Down 3.1% in 2009, But Better Than Most Industries

Discussion

One comment for “Financial-Services Employers Raising Salaries to Compensate for Smaller 2009 Bonuses”

  1. Brilliant post mate, keep up the good work.

    Posted by Home Loan Comparison | June 15, 2010, 10:17 am

Post a comment