London, United Kingdom, August 25, 2011 --(PR.com
)-- The 11th annual PRPi Consulting asset management Remuneration ROI Survey has just been published to all of their international asset management clients.
The survey tracks key remuneration ratios and compares compensation practices in asset management and enables shareholders, remuneration committees and senior managers to gauge whether they are getting good value for their remuneration spend.
Richard Parkhouse, Managing Director of PRPi Consulting said:
“What a difference a year makes. This time last year the industry was struggling as we reported dropping margins and productivity. This year the picture is reversed with most firms seeing a major re-bound on the back of appreciating markets in 2010. Although, some firms were much bigger winners than others.
“The market for talent is heating up again - overall employee turnover doubled and a significant proportion of firms are planning to re-balance total compensation in 2011 - that is increase salary to reduce reliance on variable bonuses. Performance linked pay went up over 30% reflecting the improved investment environment and for some firms, increased sales commissions. More firms are also diverting compensation into real long-term incentive plans rather than just cash deferrals.
“As revenues were up considerably, firms were able to spend proportionately less on remuneration in 2010, thereby increasing shareholder returns. In short, the 'feel better factor' is back.”
Further information can be obtained from:
Lauren Pasco at Lauren@prpiconsulting.com or by telephone +1 (949) 719-2486
Notes to editors:
· Richard Parkhouse established PRPi in November 1998. PRPi Consulting works with clients to resolve employee performance and remuneration issues in the asset management sector. More information on PRPi Consulting can be found at: http://www.prpiconsulting.com/
· Richard Parkhouse is Managing Director of PRPi Consulting; in addition to his consulting activities he is also a regular international speaker on asset management remuneration issues.