State:
Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
February 24, 2011
Wall Street Bonuses Down, Shift Towards Deferred Compensation, Stock Options

Wall Street cash bonuses declined by nearly eight percent to $20.8 billion in 2010, around one third less than paid out in 2007 before the financial crisis, according to a recent report. However, while cash bonuses declined, overall compensation has grown six percent in 2010.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

The report, released by State Comptroller Tom DiNapoli, highlights the change in compensation practices on Wall Street. In place of cash bonuses, Wall Street is shifting towards deferred compensation, stock options, and higher base salaries.

“Cash bonuses are down, but that’s not an indicator of a weakness on Wall Street,” DiNapoli said. “Wall Street is changing its compensation practices in response to regulatory reforms adopted in the aftermath of the greatest financial meltdown since the Great Depression. Past practices rewarded short-term gains at the expense of long-term profitability.”

Source:

Office of the State Comptroller, NY

Featured Free Resource:
Cost Per Hire Calculator
   
   
 
 
Twitter  Facebook  Linked In
Follow Us
CT-WEB06
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on http://Compensation.BLR.com
Document URL: http://compensation.blr.com/Compensation-news/Compensation/Bonus-Payments/Wall-Street-Bonuses-Down-Shift-Towards-Deferred-Co/