Thursday, January 17, 2013

Bad bonuses turn bankers into slackers

eFC.com
Hiring and pay trends in banking, finance and securities 17 January 2013
TOP STORIES
Bad bonuses turn bankers into slackers
With some banks having already announced their bonuses and others just weeks away, grumblings about the size of this year's payments have begun. While jumping ship isn't an option for many disgruntled bankers in this market, firms should still beware the consequences of low bonuses – they can potentially create lazy, dissatisfied employees with impaired judgements.
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Morgan Stanley cuts Asian MDs
Morgan Stanley has started to lay off MDs from its investment bank in Asia this week as part of its global cull of 1,600 jobs.
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Five tips recruiters reckon will help you get a financial job in Australia
Recruiters give their advice on how to improve your chances of getting a job in Australia this year.
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GUEST COMMENT: Why you would be mad to work for a sovereign wealth fund
With job cuts being rolled out across the financial sector, many professionals are eyeing opportunities at large sovereign wealth funds, which are recruiting heavily, particularly in the Middle East. In my experience, however, it would be like signing up to the civil service.
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Morgan Stanley bankers will get 40% of their deferred bonuses this year
With Morgan Stanley, Goldman Sachs and JPMorgan all expected to announce bonus numbers this week, news is gradually emerging about the shape of this year's payouts.
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