London Employment Monitor & Bonus Survey - November 11 with video commentary
Our latest monthly London Employment Monitor & Bonus Survey – November 11 is now available with video commentary.
Bonus Expectations Survey Highlights:
- Morgan McKinley’s annual Bonus Expectations Survey in November 11 found that 67% expect to receive a bonus in the 2011/12 round (compared to 88% in last year’s survey)
- However, only 14% think their bonus will be higher than last year, while 32% expect it to be lower and 45% predict it will remain the same (compared to last year 48% expecting higher; 41% expecting the same and 7.5% lower )
- Overall 85% of respondents anticipate that bonus payments will be up to 30% of base salaries including 45% who predict their bonus will be no more than 10% of their base salary (compared to 73% last year who expected up to 30% of base salary as bonus).
Employment Monitor Highlights:
- Morgan McKinley’s London Employment Monitor in November 11 registered a 29% month-on-month drop in the number of available job opportunities for financial services professionals
- Compared to the same month last year, November 11 also recorded a drop of 42% in available roles across the sector
- The number of professionals entering the jobs market rose modestly by 3% month-on-month from October 11
- This figure was also an increase of 3% on the number of professionals interested in new roles in November 10
- The average salary for those starting new positions in November 11 dropped by 1%.