Last year, the number of annual trips in Europe increased by 32% from the previo
Last year, large European banks in the annual salary of more than 1 million euros or pounds of the number of employees significantly reduced, which is since the financial crisis since the European banking industry influence to another US counterparts signs.
The initial figures for the four largest banks in Europe show that the number of employees with over $ 1 million in annual payroll jobs (MRTs) fell 32% from 2015.
Although the interest rate, the economy and the trading environment seem to be improving for the banking sector, the decline in the pay of the European banking sector is unlikely to be reversed because banks are strictly controlling the costs and must pay more than fixed wages Times this rule.
In contrast, according to compensation firm Johnson Associates Inc estimates that Wall Street's biggest bonus this year is likely to grow by 15%, the first major increase since 2009.
The European banking sector MRT figures in 2016 were distorted by Deutsche Bank. The bank's reorganization layoffs of 9,000 people, and the freezing of many employees' bonuses.
Germany's largest investment bank, Deutsche Bank, also said this year will no longer be the salary program of Goldman Sachs (GS.N) and Morgan Stanley (MS.N) as their compensation program is too "to invest in banks Business-centric ".
The downsizing of the crisis resulted in the loss of tens of thousands of jobs across the banking industry, further weakening the salaries of employees.
"The high sector of the banking sector has been in its position for 10 to 15 years, so now they are in the risk of their positions in the control, at the expense of their own salary. This is the preservation of the practice," recruitment company Kennedy Group CEO Jason Kennedy Said.
Among the world's 12 largest US and European banks, the number of front-line staff, including trading and investment banking, fell by 4% to 53,200 last year. This figure is down 20% from five years ago.
Kennedy says the morale of the banking industry is in the doldrums, especially in the case of European banks, so employees do not pay extra work overtime to get extra bonuses. Promotion channels are not as good as in the past, all of these factors are suppressed salary growth.
"The craving for progress has ceased to exist and the power of the employer has vanished, so it is now a steady state of law, and there will be no pay rise in this state, and employees get steady wages," Kennedy said.