Survey results show Canary Wharf workers expect lower bonuses this year
Canary Wharf workers are expecting to receive on average �5,650 less in bonuses this year, according to survey results published today.
Staff in east London’s financial district and the City anticipate a bonus of �19,920, according to research by recruitment firm Astbury Marsden.
That represents 24 per cent of their annual salary based on an average wage in the sector of �83,000.
Last year’s survey showed an expectation of �25,570 or 35 per cent of basic salary, based on an average wage of �73,050.
At least 12 per cent of employees surveyed are not expecting a bonus.
You may also want to watch:
Mark Cameron, Astbury Marsden’s chief operating officer said: “Just over half of employees said they were unsure whether they were getting a bonus or not.
“That is a real shift in sentiment on bonuses from previous years.
Most Read
- 1 Poplar MP acquitted of Tower Hamlets housing fraud
- 2 Jury sent home for the day in MP Apsana Begum's trial on housing fraud charges
- 3 Home Office pours £1m into tackling drug-related problems in East End
- 4 East London travel disruption round-up for the week ahead
- 5 Unlocked rooms created 'radiation exposure risk' at hospital, inspectors report
- 6 'Vexatious charges': MP turns on accusers after acquittal in fraud trial
- 7 Apsana Begum's ex-husband may be behind housing bids, trial hears
- 8 Mum plans to use Raine's Foundation site for new East Park church school
- 9 Poplar MP tells court: 'I fled home when brother said I was possessed'
- 10 MP reported ex-husband to police for alleged 'harassment', trial hears
“In the pre-credit crunch days bonuses were talked about in many multiples of base pay – this year the expectations are for fractions of salary.”
This year’s bonuses will come on top of a 12 per cent increase in basic pay for Canary Wharf and City workers, according to the firm.
The survey polled 1,380 finance professionals between September and October.
