Banks rethink use of bonus to recruit talent

September 4, 2021 0 Comments

first_img whatsapp Banks rethink use of bonus to recruit talent Tags: NULL whatsapp Share Thursday 2 September 2010 8:49 pm KCS-content Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof INVESTMENT banks are moving away from offering “guaranteed” bonus packages to entice new recruits, according to a new report.Of the 37 financial institutions surveyed by the Institute of International Finance, only five per cent of bonuses handed out in 2009 were guaranteed. The figure represents a drop from 2008 when 10 per cent of bonuses were guaranteed and 2007 when eight per cent were of the same nature.A guaranteed bonus promises a fixed incentive payment despite an individual’s performance or the profitability of the company.The survey indicates that the investment banking industry has almost entirely stopped handing out the controversial bonus. last_img

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