In the competitive world of financial services, bonuses play a pivotal role in both attracting and keeping top talent. For professionals, these bonuses also help them measure their value in the current market.. This significance is particularly pronounced now, given the prevailing macroeconomic landscape.
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Surveying Asia-Pacific's latest bonus season, Selby Jennings gathered insights from over 1,000 financial services experts to delve into the impact of bonuses on employee satisfaction and motivation. Here are some of our key findings specific to the Singapore market:
73%of respondents in Singapore's financial industry received bonuses, slightly lower than the APAC average of 75%. | Polarizing SplitSingapore's bonus increments were notably divided between the upper and lower ends of the spectrum. |
Explore our latest report on the 2024 bonus season analysis to delve deeper into:
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Understanding bonus distributions is vital for financial professionals and hiring managers alike. It aids companies in refining their compensation strategies to secure and retain talent. Likewise, these insights are valuable for financial services experts navigating career transitions. Complete the form below to access your copy today.
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