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AUTHOR: Monica Bloomfield
Finance-sector pay has shown slow growth in the past year and continues to lag behind inflation as employers react to concerns over economic stability and the cost of impending regulatory changes.
On this page: Finance-sector pay findings Sector consolidation continues Fears of a wage cartel Marked contrast in banking deals Insurance settlements sit close to sector median Further reform of the British banking system Eurozone sovereign debt crisis adds to concerns Employment down as job losses and sector consolidation continue Pay differential between executives and majority of workers "Shareholder spring" dampens bonus levels Negotiating on pay Near-term outlook for the finance sector Table 1: Example finance-sector pay settlements, 2011/12 Additional resources on XpertHR.
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