According to Barclays' annual report released on February 20th, the median salary increase for employees last year was 1%, with a 10% increase in benefits, but a 43% decrease in bonuses.
Barclays stated in its report that some of the adjustments reflect the company's reform of its UK salary structure for more junior employees this year. The significant decline in M&A transactions means that many investment bank employees have very little or even no bonuses.
The CEO of the bank, C S. Venkatakrishnan's salary is approximately £ 4.6 million, lower than the previous year's £ 5.2 million, and his year-end bonus has decreased by 27%.