Finance sector pay: 2010 settlements plummet despite signs of recovery
As business surveys point to some recovery in the finance sector, our report finds that pay awards have weakened further over the past year, with performance-based deals falling to 2.3% and the median basic pay award sinking to a pay freeze.
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Sector vulnerable
in spite of return to growth
Finance sector pay
findings
Banking settlements exceed sector median
Insurance settlements lower than banking
Regulatory restrictions on pay and bonuses
Impact
of regulation on reward
Future outlook for recruitment and
remuneration
Table 1: Key finance sector pay settlements,
2009/10
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