CEO of JPMORGAN Chase Jamie Dimon received a total compensation of $ 39 million in 2024, most he has ever done, the bank reported on Thursday. However, some of his employees are dissatisfied with their latest rewards.
By wealthJPMORGAN managers began to tell the bank more than 300,000 global employees How much they won in the 2024 bonuses on Tuesday and Wednesday this week. The bank is expected to pay US employees the extra money next week on January 28. The annual bonuses in Wall Street have a long history. back in the 20th century When JP Morgan himself began practice by giving his employees a gift once in money equal to the salary of one year. According to figures from New York State Auditor, seen from NypostWall Street's average bonus in 2023 was $ 176,500.
The five US -based JPMORGAN employees who spoke with wealth They showed that they were disappointed with their bonuses, though some tried to look at the positive side and said they were grateful that their numbers were not lower. These employees, who worked in divisions other than investment banking (such as commercial banks and asset and property management), received growth ranging from 2% to 2.7% – much less than 15% increase in bonuses It is said to have been taken by JPMGANGE investment bankers.
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Jpmorgan reported Four Fourth 2024 Financial Results At the beginning of this month and DECLARING Net revenues for the quarter were $ 14 billion, 50% more than the same last year, while net revenues were $ 43.7 billion, 10%.
The bank posted a high record income for 2024 of $ 58.5 billion.
All the employees who spoke with wealth They were aware of the Bank's last record performance, with an employee who stated that they felt “unresponsive and underestimated”.
A JPMORGA employee said wealth that they found out on Wednesday that their bonus grew by only $ 3,000 from last year, for a 2%increase. They took the rest of the day break from work – not to say nothing negative about it.
Another worker said they received extraordinary ratings last year, but gained a similar low growth.
“It just feels like a slap on your face,” they said.
Other employees complained that they had received rewards smaller than last year.
Meanwhile, jpmorgan informed her staff At the beginning of this month that is implementing a strict office return mandate (RTO) in March, where almost all workers will be required to work from the office five days a week, shifting schedules for 40% of workers who were in a hybrid schedule.
The announcement caused an internal reaction to an internal website of the company. More than 300 JPMORGAN employees expressed concern about how RTO's mandate would affect their journey, work-life balance and child care costs, pushing JPMORGA to comment about the topic.
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RTO's mandate, coupled with low bonuses recently, has led some employees to speculate that JPMORgan wants to reduce the number of people in its workforce, for fortunes.
According to July By Bamboo Hr, about a quarter of C-SUITE executives hoped that strict return policies to the office would cause employees to leave. Bamboo Hr called this concept “disguised holidays”.