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The curbs on bonuses enacted in the wake of the financial crisis resulted in a doubling of base salaries last year for many senior bankers.
In the last two years, many law firms have laid off associates, deferred start dates for hires and tinkered with base pay and bonus structures, including pay cuts and freezes, the redistribution of portions of base salaries as bonuses and the elimination of lock-step pay increases.
Ms. Whitaker said her firm's recent increase of base salaries to $55,000 from $40,000 for first-year bankers, and to $65,000 from $45,000 for second-year bankers, showed that the firm was committed to paying some of the highest base salaries in the industry.
One potential reason for the low level of real wage cyclicality I find is the use of base salaries.
Such short-term incentives for chief executives run in the neighborhood of 42% of base salaries, according to Salary.com.com
In terms of base salaries, early childhood teachers in Hong Kong appear to be the most generously compensated for their work.
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The total compensation figures represent the sum of base salary, discretionary and performance-based cash bonuses, option awards, stock awards and other compensation like benefits and perquisites.
For each executive, total compensation is calculated as the sum of base salary, discretionary and performance-based cash bonuses, the grant-date value of stock and option awards and other compensation like benefits and perquisites.
For each executive, total compensation is calculated as the sum of base salary, discretionary and performance-based cash bonuses, the grant-date value of stock and option awards and other compensation, which typically includes benefits and perquisites.
For each executive, Equilar calculated the total compensation as the sum of base salary, discretionary and performance-based cash bonuses, the grant-date value of stock and option awards, and other compensation.
For each executive, total compensation is calculated as the sum of base salary, discretionary and performance-based cash bonuses, the grant date value of stock and option awards, and other compensation.
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