Your guess is as good as theirs!
The Chartered Institute of Personnel and Development has just released a report based on the findings of a survey it had taken in late April of 1026 U.K.-based employees in banking, broking, investment and insurance. It revealed that 75% of financial service workers think some people in their organizations are paid excessively, rising to 80% in the banking sector alone, but this isn’t just the griping of disgruntled footsoldiers. While employees at levels below senior management are most likely to agree that pay is excessive, even 66% of senior managers agree that some people in their organization are getting too much of a good thing. And worryingly, few seem to know what the excessive payments are for. Sixty four percent of respondents agreed that reward levels, and what was actually being rewarded, was unclear, with only 14% apparently prepared to disagree.