Broking companies likely to give out generous increments, bonuses to top talent across the board

MUMBAI: Brokerage executives and the thousands of bright young people that run Mumbais buzzing dealing rooms and research, sales and product desks will likely get record incentive payouts and bonuses this year, matching the handsome rewards for both D-Street veterans and recent converts to the equity culture through a period of unprecedented gains for India's entire risk-asset spectrum...

Bonuses at some of the leading companies could range from three to seven months of additional pay, said top executives..

Average increments could be in the range of 10-15%, with high performers, especially in technology and product development roles, likely taking home 30-40% more, they said.. Payouts across the industry are expected to be attractive this year, said Niren Srivastava, group CHRO, Motilal Oswal Financial Services..

Our focus is on retention of top talent who would be adequately rewarded this fiscal, said Vikrant Birajdar, CHRO at discount broking platform 5paisa.com...

While larger companies with a bigger employee base are likely to pay average increments of 11-12%, some of the smaller entities will pay about 14-15% to retain critical talent...

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