Surveys: Merit Budgets, Bonuses & Benefits - 2008
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The 2008 Winter Update to SIFMA’s annual report on Merit Budgets, Bonuses and Benefits makes available the most current year-end data on 2008 merit budgets and the extent to which 2007 bonuses will change.
Data in this year’s report covers 19,864 employees from 24 participating firms. The data are presented for “All Firms,” and for three firm-size groups: Group I represents firms with fewer than 50 employees; Group II represents firms between 50 and 249 employees; and Group III represents firms with more than 249 employees. The data are also presented for two geographic regions (where there was sufficient data): Northeast (NYC Metro area plus Northeast area) and Midwest.
The aggregate data cover Executive, Exempt (non-executive) and Non-Exempt employees whose total compensation consists primarily of salary and bonus income. It does not cover employees who derive the majority of their income from commissions, trading profits, Investment Banking transactions, or other transaction or fee-based activities.