The Traderszone Network

Published in TZ Latest News 29 January, 2015 by The TZ Newswire Staff

Banks to increase base salaries by under three percent in 2015: survey

Global banks expect to increase base salaries by less than 3 percent this year and most are not planning to overhaul their pay structure in the face of tougher European Union rules on bonuses, a survey reported on Thursday. Salary increases across banks, insurers and other financial services firms are expected to be between 5-8 percent in emerging markets, 2-3 percent in North America and 1.5-2 percent in Europe, according to a survey of 63 firms by consulting firm Mercer.

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