Compensation after the crisis with Olaf.. 2/5

Olaf John , actuary and former stand up comedian discusses the impact of the financial crisis on compensation.

People have lost their jobs and a large proportion of their savings. Even those who have not been directly affected have been hit by increases in taxes and inflation.

The Capital Requirement Directive has had a direct impact on compensation structures of financial institutions. 40% of bonuses must be deferred 3-5 years and no more than 30% may be paid in cash.

Does this form a solution? What will be the impact of individual performance on the company? What does it mean for London as a city? Will people emmigrate to other financial centers?

The decreasing significance of financial incentives and the move to increased employee engagement, identity economics and an improved work-life balance.

Category:

Education

Tags:

• Actuary
• Comedy
• Comedian
• Financial Crisis
• Salary
• Bonuses
• Savings
• taxes
• inflation
• Capital Requirement Directive
• work-life balance
• employee engagement