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“There is a staffing shortage, so in addition to the pay levels, there’s a real demand for talent,” Alan Johnson, the managing director of Johnson Associates, said in an interview. “Every client we talk to is having difficulty getting recruits.” “When you have a crisis, you usually have a lull in turnover, people get risk…

“The banks can’t run the risk that their clients go to another bank to do these services, so they need to build up,” said Alan Johnson, managing director of Wall Street compensation consultancy Johnson Associates. “This is a big asset, a big opportunity, and they need people and need them in a hurry. They’re willing…

“For the top five to 10 largest money management firms, 2021 has been a really good year and it’s unlikely that there will be a lot of changes among senior executives aside from normal retirements going forward,” said Alan Johnson, managing director at New York-based compensation specialist Johnson Associates Inc. The firm’s estimate for 2021…

“2021 will be a very strong year for investment banking and we anticipate firms paying bonuses that align with individual, group, and overall firm performance,” said Chris Connors, vice president at Wall Street compensation consultants, Johnson Associates. While M&A and equity capital markets dealmakers will be the big winners, banks are unlikely to match bonuses…

Currently, there’s a greater focus by politicians and the public on income inequality, environmental issues, and diversity and inclusion, said Alan Johnson, managing partner at compensation consulting firm Johnson Associates. “I think those are not necessarily the traditional bank risk measures, but for a large, visible financial institution, they are going to be under more…

“After being down dramatically earlier in the year, it looks like pay is going to be up nicely this year — double digits for some people,” Alan Johnson, managing director at Johnson Associates, told Institutional Investor. “I think that’s a pleasant surprise because it was somewhat unexpected.” In the first half of the year, alternatives…

Alan Johnson, managing director and compensation consultant at ​Johnson Associates, said that despite the big push from firms to hire more women and people of color, significant progress could be extremely slow — to the frustration of many. “After 50 years of excuses, many people don’t want to hear any more excuses,” Johnson said. But…

Even the most prestigious companies have struggled to retain junior employees in recent months as the mental toll of the pandemic and demanding expectations drive out young talent. “There’s a shortage of experienced junior people,” said Alan Johnson, who is the managing director of Johnson Associates, a compensation consultancy that works with financial services firms.…

A full-scale bidding war has broken out on Wall Street, this time over young bankers, as firms struggle to attract and keep talent after the pandemic added to famously crushing workloads… “There’s a lot of competition for the best people,” said Alan Johnson, managing director of the Wall Street compensation consultancy Johnson Associates. “I think…

JPMorgan Chase (JPM) is raising the salary of first-year analysts to $100,000, up from $85,000, a person familiar with the matter told CNN Business. The pay hike, which takes effect July 1, means some millennials and Gen Zers will be making six-figure salaries fresh out of college… The hikes will make JPMorgan the most lucrative…