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Industry 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
Read MoreWall Street Bonuses Projected to Rise 10%
“A strong stock market and a favorable political and regulatory environment are contributing to one of Wall Street’s healthiest years recently,” said Alan Johnson, managing director at Johnson Associates. Crain’s New York Business / November 13, 2017 READ ARTICLE
Read MoreMoney Manager Bonuses Expected to Be 5% to 10% Higher This Year – Johnson Associates
Alan Johnson, managing director of Johnson Associates, attributed the rise in expected bonuses to “a strong stock market and a favorable political and regulatory environment” in a news release announcing the firm’s estimates. Pensions & Investments / November 13, 2017 READ ARTICLE
Read MoreWall Street Bonuses Jump 10% Under Trump, but Employee Wages Are Stagnant
“A strong stock market and a favorable political and regulatory environment are contributing to one of Wall Street’s healthiest years,” Alan Johnson, managing director of Johnson Associates, said in a statement. “As a result, incentives will be up noticeably, especially in asset management and investment banking.” MarketWatch.com / November 13, 2017 READ ARTICLE
Read MoreBank Bonuses May Turn Higher This Year
For the first time in four years, year-end bonuses for bankers in 2017 are set to grow over the prior year, according to consulting firm Johnson Associates Inc. Over all, incentive pay is expected to rise by 5% to 10%, Johnson’s survey found. Alan Johnson, who runs Johnson Associates and helps banks design compensation programs,…
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