 There has been some growth in compensation across the industry, but in the form of incentive compensation rather than salaries. This trend of keeping salaries steady and growing bonuses is very prudent and beneficial for firms, but it is surprising that new hires have not had the leverage to negotiate higher levels of compensation. Perhaps the shortage of advisers is not as severe as we thought.”Brandon Odell is director of business consulting with The Ensemble Practice, and Philip Palaveev is chief executive of The Ensemble Practice. |
