Survey finds 80 per cent of City is upbeat about bonuses
EIGHT out of ten financial services professionals in London expect to receive a similar or higher bonus for this year compared to last year, as optimism within the sector grows.
The figure compares to 63.5 per cent who believed they would be paid the same or higher when asked a year ago, according to research published by recruitment firm Morgan McKinley today.
But the firm warned that the statistic does not herald a “return to boom times”, adding that these expectations still need to be measured against the actual payouts early in 2009.
“This (statistic) must be seen in the context that last year’s bonus payouts were at suppressed levels compared to the previous two years,” said Morgan McKinley managing director Andrew Evans.
The survey of 200 financial professionals in the capital found that 18 per cent of respondents did not expect to receive a bonus. Seven per cent said that was because their employers were not paying any.
Nearly 30 per cent said that their employer had implemented, or was planning to implement, changes to their staff compensation schemes.