Many banks raised base salaries in 2010 as part of GFC-induced remuneration restructuring principally aimed at offsetting any subsequent decline in bonuses. Trouble is, there are plenty of people in the back office who don’t think their bonuses will fall – expectations are unrealistically high. Full story
OPINION: Back-office bonuses could be very bad indeed - Simon Mortlock
eFinancialCareers.sg, 13 Jan 2011
Low or average achievers in Singapore's back and middle offices have plenty to fear when their 2010 bonuses are announced in the next few weeks. The worst of them may end up with nothing thanks to an increasingly performance-driven compensation culture.
Many banks raised base salaries in 2010 as part of GFC-induced remuneration restructuring principally aimed at offsetting any subsequent decline in bonuses. Trouble is, there are plenty of people in the back office who don’t think their bonuses will fall – expectations are unrealistically high. Full story
Many banks raised base salaries in 2010 as part of GFC-induced remuneration restructuring principally aimed at offsetting any subsequent decline in bonuses. Trouble is, there are plenty of people in the back office who don’t think their bonuses will fall – expectations are unrealistically high. Full story
