Barclays said planning to give bankers 20-40% pay rise

But not everyone!

Barclays is planning to raise pay for junior investment bankers as the bank seeks to retain talent, said two people with knowledge of the matter.

Bloomberg News reports that some Barclays junior employees are set to receive an increase of 20% to 40% in salary and bonuses, said two people familiar with the plans, who asked not to be identified because the move isn’t public.

The decision has prompted mid-level employees to express their unhappiness about the shrinking compensation gap with their juniors, they said.

Barclays Managing Directors were told on a global call last week the move was necessary to stem the flow of younger employees leaving, the people said. 

Hit the link below to access the complete Bloomberg News article:

Barclays Plans to Raise Junior Banker Pay to Help Retain Talent

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