About 70% of money managers expect their bonus pools to remain flat or decrease in 2011, according to a compensation survey conducted by Russell Reynolds Associates.
The executive recruiter interviewed 29 money managers in October and November, and found that 32% of respondents predicted that their firm’s bonus pool will increase in the year ending Dec. 31.
About half of those surveyed said bonuses for marketing and distribution executives would increase this year compared to 2010, according to the Russell Reynolds Associates Asset & Wealth Management Compensation Pulse Survey report. An increase in 2011 base pay as a percentage of total compensation was predicted by 62% of respondents.
Fully 39% of executives surveyed expected increases in their company’s workforce in 2012, while 17% expect downsizing and 44% said there will be no change in the size of their employee base, according to the report.
