Around the World: Technologists most vulnerable to cuts; European bank bonuses tied to the LTRO

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Fancy a 30 percent wage increment even in this market? Here’s where you need to be

China continues to lead Asia in terms of its ability to dole out hefty salary increases. A recent Hays salary report shows that 51 percent of mainland employers gave increments of six to 10 percent. That generosity is even more pronounced in the banking sector with most employers willing to pay 15 to 20 percent above market rate to attract the best talent. [Hong Kong]

Redundant traders take note: here’s a potential lifeline

Even as firms lay off staff, there are still signs of life in the financial recruitment landscape. Yuan trading for instance is seeing some growth. Recruiters say bankers with yuan experience are sought after, especially in Hong Kong, Shanghai and London, reports the South China Morning Post. Already RBS, HSBC, ANZ and Standard Chartered have started to fatten up their yuan operation teams. [China]

These are the technologists most likely to lose their jobs this year

Technology functions are still being targeted for cuts, recruiters have been flooded with applications and new opportunities are relatively few and far between. But some functions have been hit harder than others, so where are you more likely to be singled out for redundancy? [UK]

The number of employees in the DIFC increased by 6 percent last year

With all the talk of downsizing and global firms retrenching from the Middle East, it’s slightly reassuring to note that the number of people employed within the Dubai International Financial Centre (DIFC) has increased by around 700 over the last year and that the number of new firms operating there rose by 7 percent. [Middle East]

These are the mistakes Scottish graduates make when applying for jobs in financial services

Here’s how to avoid some of the most common mistakes made by Scottish graduates when applying for financial services jobs – and some of them are peculiarly Scottish. [Scotland]

If you work for a European bank, your bonus is now beholden to the LTRO

So far, the European Central Bank’s Long Term Refinancing Operation (LTRO) has turned out to be a great thing for anyone with a deferred stock bonus. Longer term, it may turn out to be a double-edged sword. [Luxembourg]

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