Bankers Predict Bonuses and Pay Rises

Most finance professionals expect a bonus and a pay rise this year, according to a survey from recruitment specialists Robert Walters. However, a third is expecting a pay increase broadly in line with inflation, with very few anticipating more than a 10% pay rise.

The survey also reveals that most people working in the investment banking sector (Banking jobs in Hong Kong) are more likely to move roles to secure a job that offers improved career progression opportunities rather than more money.

The survey, which asked more than 1,000 investment banking professionals about their pay and bonus expectations for year-end, reveals that:

• 88% expect a bonus for banking jobs in Hong Kong
• More than half expect this bonus to be up to 20% of their basic salary
• Almost three quarters of investment banking professionals expect a pay rise
• 34% expect this pay rise to be in line with inflation and 88% expect it to be less than 10%
• 41% are looking to move post bonus pay out, 31% may move depending on their bonus
• 80% say career progression or a pay rise is their primary motivation for moving

Andrew Hanson, Director of Robert Walters’ Financial Services recruitment division, comments:
“The results reveal that banking professionals are keen to refocus on their career development. With more than 70 per cent of people working in the sector currently considering their career options, there looks set to be a significant amount of movement post compensation review.”

About Robert Walters - Robert Walters Plc is one of the world's largest professional recruitment consultancies, with the largest recruitment team focusing on financial services and banking jobs in Hong Kong.

Robert Walters All Star Football 2011

Bangkok hosted an all-star Masters tournament with British football legends Ian Rush, John Barnes, Lee Sharpe, Paul Parker and Clive Walker on June 4 at the Bangkok Patana School, Sukhumvit soi 105.

The team including the five above-named legends together with Darrell Duffy (ex-Aston Villa), ESPN Star Sports’ Paul Masefield and other players, participated in the 7-a-side football tournament organised jointly with the British Chamber of Commerce Thailand (BCCT).

“Robert Walters Thailand is very proud to have been involved in the sponsorship of the 2011 Tesco Masters, featuring some of the biggest names in English Football and with over 400 players attending from 17 countries around the world. Not only do we partner with Tesco around the world, we also work with some of the largest multinationals in the areas of Banking, Finance, IT, Sales & Marketing and HR that provides Contract jobs in Hong Kong,” James Vessey, Country Manager of Robert Walters Thailand said.

“After more than four years in the market, we have established ourselves as the leading provider of mid-to-senior level specialist recruitment in a market which has previously lacked this unique model of talent sourcing and selection. We hope to be involved in the Tesco Masters for many years to come,” added James.

Other participating teams hailed from all over the world - UK, Netherlands, Canada, Australia, China, Japan, Hong Kong, Malaysia, Singapore, Brunei, Vietnam, and Phuket and Pattaya in addition to members of the Thai, British, French, German and Scandinavian communities in Bangkok.

The Jotun Thailand Football Dinner took place on Saturday, 4th June, at The Landmark Bangkok. Tickets were priced at THB 1,500 net per person including full buffet dinner, beer and soft drinks and entertainment.

About Robert Walters - Robert Walters Plc is one of the world's largest professional recruitment consultancies, with the largest recruitment team focusing on contract jobs in Hong Kong.

Summary: Robert Walters has a well established national network of offices covering both permanent and contract jobs in Hong Kong.

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