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Next time you are negotiating that pay rise, bonus, sabbatical or working arrangement you should try taking your planned request and just upping it a bit.
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The reasons employees move to competitors can be many, but in more than 20 years of working in the City about half of my former employees who announced their resignation left for a similar job in another company with higher overall compensation; the other half were lured back with salary rises, bonus adjustments and title changes.
Fewer people suffered a drop in income, and more said they had received a pay rise or bonus than a year ago, according to the report.
Barclays faced condemnation on Tuesday after announcing a 10% rise in bonus payouts despite a dramatic fall in profits and plans to cut 12,000 jobs this year.
Barclays has faced condemnation after announcing a 10% rise in bonus payouts despite a dramatic fall in profits and plans to cut thousands of jobs this year.
Shortly after the news of redundancies first broke, it emerged that NCG's chief executive, Dame Jackie Fisher, enjoyed a pay rise, including bonus and retention payment, of almost £73,000.
The deal includes a 5% pay rise and bonus payments.
The chances of further taxes will rise if bonuses continue to inflame tempers.
The strong profit numbers are likely to mean a rise in bonuses for Savills staff, which totalled £60m last year.
The state's 21 secretariats (in effect, ministries) were cut to 15. Partly by replacing automatic wage rises with bonus schemes, the wage bill has fallen to 61% of revenues and the deficit has shrunk to $100m.
Even so, the comptroller's report said, the rise in bonuses added an extra $600 million to the state's coffers over a year ago, and an extra $75 million to the city's.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com