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What will the credit crunch mean for finance sector pay?

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Source: IRS Employment Review

Issue: 899

Date: 26/06/2008

Publisher: IRS

What will the credit crunch mean for finance sector pay?

TOPICS:

recruitment	labour market and economy
pay and benefits	benefits (pay-related and other) premiums and allowances

SECTORS:
finance

Compensation packages offered to new starters at City of London finance firms could fall by as much as 20% over the coming year, as the impact of the credit crunch hits the finance sector recruitment market.

This is among the key findings of research from international professional services consultancy The Smart Cube¹.

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