A survey by our global Search partner, AltoPartners Executive Search Worlwide, reports the following trends in recruitment and reward:

• Selective strategic hiring continues – The best time to build key lines of business
• Replacement hiring levels at historical low of 30% - more bang for the buck
• Bonuses down 30-50% average across the board, but bonuses will still be paid
• Bonus and incentive pay-out through a mix of stock and cash – more stock less cash
• 2012 will see increases in hiring in commercial banking and wealth management
• Asset Management will continue to focus on top-performing analysts and portfolio managers.

Read the report here