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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.
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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.
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.
Suggesting otherwise by withholding pay rises and bonuses would call their judgment into question.
And pay rises and bonuses would depend on a thumbs-up from shareholders.
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.
FTSE 100 directors saw their total earnings soar in the 12 months to June, thanks to sharp rises in bonuses and performance-related pay.
In the coming months, some of us may need to take a real hatchet to our spending, as the economic impact of the financial crisis becomes clear and unemployment rises or bonuses and commissions fall.
The average FTSE 100 chief executive earned £4.9m last year, almost 200 times the average wage, according to research group Incomes Data Services, with the gains largely due to sharp rises in bonuses and performance-related pay.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com