Yearly Bonuses

Bonuses are common across the insurance & actuarial market and professionals generally expect them, but they play a supporting role as a compensation lever. While bonuses can strengthen a package, they are unlikely to compensate for below-market pay. Firms should be clear on how bonuses are calculated, how likely they are to pay out, and how their total package compares to similar employers, so candidates can assess the full value of a position.

QUESTION 6

Have you received a bonus in the past 12 months?

0%

Yes

0%

No

0%

Not confirmed yet

0%

Not eligible

QUESTION 7

How is your bonus determined? Select all that apply:

0%

Company performance

0%

Individual targets

0%

Discretionary

0%

Team targets

QUESTION 8

If you received a bonus, what was the value of the bonus you received, as a percentage of your base salary?

0%

1-10%

0%

11-20%

0%

21-30%

0%

31-40%

0%

41-50%

0%

51%+

0%

Not based on percentage

“Bonuses in insurance are generally not the main selling point in the same way they can be in other financial services markets, and candidates usually understand that insurance bonuses are more structured and less variable than in some other sectors. The issue comes when a company relies on bonus or equity to make up for a lower base salary. In our experience, candidates do not always view that as a strong trade-off.”

Taylor Carrasco, Executive Director - Head of Insurance & Actuarial Services

Bonus Expectations

QUESTION 9

Was your bonus package in line with your expectations?

Yes

No

QUESTION 10

How do you believe your latest bonus compares to the wider industry for similar roles?

0%

Much higher

0%

Slightly higher

0%

About the same

0%

Slightly lower

0%

Much lower

QUESTION 11

Would a reduced bonus be a contributing factor towards looking for a new role?

Yes

No

QUESTION 12

Would a higher bonus potential be a reason to accept an offer from a new company?