Year-end incentive payouts for Wall Street professionals are estimated to either remain flat or experience moderate increases from last year when they tanked throughout the industry, according to an annual compensation analysis released today by Johnson Associates Inc., a New York-based compensation consulting firm. 

"The recovery in financial services continues to be a struggle, and while incentives will be modestly up, few professionals will have reason to cheer," says Alan Johnson, managing director of Johnson Associates. "With wide variations in outcomes and an uncertain outlook, the bonus season will be rightfully subdued. Following a year when year-end incentives declined by as much as 30 percent, the fact that many firms are able to keep this year's bonuses flat or slightly larger is notable." 

Specifically, the analysis finds that overall year-end incentives, which include cash bonuses as well as equity awards, could see gains anywhere from 5 percent to 10 percent over 2011's figures. The exact increase is expected vary by firm and business. 

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.