How much extra money will you get for changing jobs?
As recruitment starts to recover within the Australian banking sector, are firms also becoming more generous with their pay increments?
In early 2009, candidates were willing to compromise on their cash, with some accepting new roles for the same (or even less) money than before. Those who got pay hikes generally got small ones.
But as we head into 2010 and the talent war heats up again in certain sectors, will you be pushing for a 20 to 30 per cent salary rise when you jump ship, just like in the boom times? And more importantly, will you actually get one?
Or does it largely demand on which firm you are interviewing with? Credit-crunched banks like UBS, Citigroup and Bank of America-Merrill Lynch have all recently upped Australian salaries as they battle to stop defections to less tarnished rivals.
Or is it all about which job sector you're in. A senior FIG investment banker is in a strong position to demand a decent increment. A junior settlements person less so.
Give us your thoughts below on the great pay debate.