State report to suggest variable pay for junior bankers
Department of Finance ordered research in 2018 after wave of exits from banks prompted fears about retaining key staff
A government-commissioned report on the pay of bankers is set to recommend a form of variable pay, including share options, for junior staff.
The report by headhunters Korn Ferry was ordered by the Department of Finance last year in the wake of a wave of defections from banks, including that of AIB chief Bernard Byrne.
The report is expected to be published in the coming weeks. Several banking sources expect it will say that to...
Subscribe from just 1€
Choose the subscription that is right for you
For the first month
€19.99 Monthly ThereafterSubscribe today
For the first year
€199.99 annually thereafterSubscribe today
For the first 90 days
€55.00 quarterly ThereafterSubscribe today
These offers are not available for current subscribers. Offers and pricing are subject to change without notice.
Terms & Conditions Apply