Guarantees limiting overall bonus levels
NEWS
Due to overall FX revenues increasing between 10% and 15%, sales teams must produce "marginal" revenue over and above that level to qualify for higher bonuses than last year, said Simon Head, director at search firm Alexander Mann in London.
"Employees need to out-perform the benchmark given the increased number of guaranteed bonuses as banks increased and upgraded headcount in 2005," he told FX Week. "There is a belief that with some of the bonus pool allocated to guarantees, people need to
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