Total compensation and benefits at publicly traded Wall Street banks and securities firms was high in 2010, at a record $135 billion, according to the Wall Street Journal.
For a Limited Time receive a
FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with
customized information for your industry, location, and job.
Get Your Report Now!"Things are shifting back to where they were before," said J. Robert Brown, a law professor at the University of Denver who studies compensation and corporate-governance issues.
The Wall Street Journal attributes part of the 5.7 % rise in compensation and benefits to a higher revenue, which at an all-time high of $417 billion.
In 2010, many firms increased base salaries to improve employee performance, and decrease turnover, the Journal reports.
Source:
Wall Street Journal