In light of inflation and rising turnover rates, RBC announced they would be paying out off-cycle raises. The trend of rising compensation and competition for technical talent continues to challenge many asset managers, particularly in technology and operations. Citisoft CEO, Paul Migliore, weighs in on this trend and why compensation is just part of the picture: "Hiring and retaining staff 'will be increasingly difficult in 2022 and beyond unless employers are willing to move beyond the status quo in compensation and benefits.'"
For more on how culture and benefits are evolving to keep pace with talent, read the full article here.
