City workers expect higher bonus in 2010

first_imgMonday 11 October 2010 8:17 pm whatsapp Tags: NULL whatsapp Show Comments ▼ KCS-content City workers expect higher bonus in 2010 center_img Share More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comConnecticut man dies after crashing Harley into live bearnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: Meanwhile, a survey by careers website found 57 per cent of City workers expected their bonus to be higher than last year, while one in five believe their bonus will be over 50 per cent higher than a year ago.The majority (51 per cent) of bankers also believe most of their bonus will be paid in cash despite the recommendation by the Financial Services Authority (FSA) that cash payments should be limited to less than 50 per cent of a total bonus.Half of City workers also expect to receive their full bonus rather than seeing some of it deferred. Only 28 per cent appear to know whether their firm has a clawback policy, said the website.The survey results come as JP Morgan Chase prepares to report its third quarter earnings tomorrow, which typically include details of its bonus pool, effectively beginning the bonus reporting season. CITY workers are approaching the bonus season with more confidence than they were last year thanks to an improvement in the financial services job market, according to two new reports. City recruitment company Morgan McKinley found 88 per cent of City workers expected to receive a bonus, up six per cent from last year, while 73 per cent expect their bonus to be equivalent to at least 30 per cent of their annual salary. A total of 48 per cent expect their bonus to be higher than last year, while 41 per cent expect it to be about the same. A further 72 per cent of City professionals say they are more confident about their job prospects than last year. Morgan McKinley found City job opportunities increased 23 per cent year-on-year from 3,843 jobs in August 2009 to 4,725 in September 2010. last_img

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