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!
July 23, 2009
Firm Sets Aside 71% of Revenue for Employee Compensation

Bloomberg is reporting that Morgan Stanley set aside 71 percent of its revenue from the first 6 months of the year for employee's salaries, benefits, and bonuses, compared with 49 percent at Goldman Sachs and 38 percent at JPMorgan.

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!

For the first six months of the year, Morgan Stanley set aside $5.91 billion for employee compensation, 71 percent of its $8.36 billion in revenue, the news service reports. The company had 62,215 at the end of June, making the compensation per employee about $95,000, according to the news service.

By contrast, Goldman Sachs, which had nearly four times the revenue, set aside a record $11.4 billion for employee compensation over the first six months of the year, or about $386,000 per employee.

Source: Bloomberg

Featured Free Resource:
Cost Per Hire Calculator
   
   
 
 
Twitter  Facebook  Linked In
Follow Us
CT-WEB01
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/Compensation-Administration/Firm-Sets-Aside-71-of-Revenue-for-Employee-Compens/