Bonus blues: How low will you go?

Will you move jobs next year if your bonus doesn't stack up? Recruiters say there could be plenty of bankers doing just that.

"Bonus expectations are likely to be optimistic due to strong performances in some sectors this year," says Robert Thesiger, chief executive, Morgan McKinley. "Some bankers will no doubt receive large payouts and those that don't will naturally be disappointed and this could encourage people onto the market."

A recent survey by Morgan McKinley suggests 64% of people looking for new jobs will only leave their old one after bonuses are banked. But how low do bonuses have to go to prompt an exit? Thesiger declined to comment. Andrew Chancellor, head of financial services recruitment at Robert Walters says anyone receiving a bonus that's flat to 5% down should stay put, while a drop of 10% to 20% is a sign that it's time to get packing...

Are you planning to leave if your bonus doesn't do the business? Let us know what you think.

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