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Bonuses Are About to Soar Across Wall Street – And a Group Left for Dead Might Wind up the Biggest Winner
Johnson said he expected equities “to be up for the rest of the year,” but not on par with the “euphoric trading” of 2007 and 2008. “This is not your grandma’s trading. This is a more constrained, client-driven trading,” Johnson said. “We won’t see perhaps the profits we saw before the crisis.” Business Insider /…
Read MoreEquities Traders May See Biggest Bonus Jump of Up to 15% in 2018
“The mantra is hedge funds should make more money in volatile markets, that’s always been their elixir,” Johnson said. “That’s not as automatic as it once was.” Johnson Associates bases bonus estimates on first-quarter results and conversations with clients. The forecasts often change throughout the year. Bloomberg / May 9, 2018 READ ARTICLE
Read MoreNetflix CEO Reed Hastings Was Paid $24 Million Last Year
“They’re just going to go to the salary they wanted to do in the first place,” said Alan Johnson, a financial compensation expert who runs the consulting firm Johnson & Associates. “The only reason you would change it because of the tax law is because you never believed in bonuses.” CNN Money / April 23,…
Read MoreThree Lessons From Early Pay Ratios
Similarly, Alan Johnson, managing director and founder at Johnson & Associates, suggests these pay disclosures may be only the beginning. For example, consider the gender pay gap information that companies are being required to disclose in the U.K. this year, he says. “I think we’re going to have ratios like this in different states in…
Read MoreIndustry Growth Reflected in Asset Manager Pay
Firms are demonstrating willingness to give hefty pay boosts to particularly talented young tech experts. However, “these big jumps are still cheap relative to the much bigger compensation packages required to retain more-senior employees,” said Johnson Associates managing director Francine McKenzie in the report. “Even with the recent market volatility, we continue to forecast a…
Read MoreListed: Richest and Poorest 401(k) Plans
Boards have oversight of retirement plans, but not at a deep level. They generally leave it to management, says Alan Johnson, managing director of compensation consulting firm Johnson Associates. That may be one reason why participation is low at many companies. “I think most companies have looked at 401(k)s as kind of a hygiene factor.…
Read MoreWall Street Traders Brace For Meager Paychecks as Bonus Season Approaches
“Getting zero bonuses was unheard of a couple years ago, but it happens today,” said Alan Johnson, head of compensation consulting firm Johnson Associates. “I expect that there are people who will get no bonus” this season, he added. Reuters / January 19, 2018 READ ARTICLE
Read MoreSkyrocketing Executive Pay Packages Are About to Become More Costly for Corporate America
But compensation experts say the change in tax law is not likely to reverse years of upward pressure on executive pay. If anything, companies are likely to make such pay less dependent on performance-based bonuses and give executives a higher salary, they say. “Some people will hope this reduces executive pay; I don’t think it…
Read MoreEight Things to Tell Yourself If Your Bonus is a Massive Disappointment
“The impact of getting rid of the deduction of state and local taxes is a tipping point for New York, Boston and California as people look at where to create jobs and put people,” Johnson says. “The exodus of people [from expensive cities in states with high taxes] will accelerate, and that’s going to have…
Read MoreInside the New Hottest Investment Banking Jobs in the U.S.
Alan Johnson, the founder of compensation consulting firm Johnson Associates, says that pay is typically 15%-20% less in locations outside of New York where banks are moving jobs. However, the lower cost of living often makes up the difference. eFinancialCareers / November 15, 2017 READ ARTICLE
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