Heard Panmure Liberum has not paid a bonus this year, for the third year running. Must be a great place to work. Anyone got insights on what it’s actually like there?
Can only imagine the mood in the office right now. Bet some guys are feeling like Rich Ricci in 2012, except without the racehorses and the actual money. How do they even retain people at this point?
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Based on the most helpful WSO content, the situation at Panmure Liberum, if true, mirrors broader frustrations seen across the industry when bonuses are withheld or significantly reduced. Firms that fail to pay bonuses for multiple years often face challenges in retaining talent, as employees may feel undervalued and demotivated.
In similar cases discussed on WSO, employees in such firms often weigh their options, with many choosing to leave for better opportunities. For instance, threads highlight that when firms fail to compensate adequately, employees either start looking for roles in other firms or industries, such as corporate development or private equity, where compensation structures might be more stable or rewarding.
The mood in such offices is typically described as tense, with employees feeling overworked and underappreciated. Retention strategies in these scenarios often hinge on either improving compensation or offering better work-life balance (WLB), though the latter is rarely enough to offset the lack of financial incentives in high-pressure environments like investment banking.
If Panmure Liberum is indeed in this situation, it would not be surprising to see a significant turnover, as seen in other firms facing similar issues.
Sources: No bonus/payrise despite good year, WB Bonuses, WB Bonuses, Stifel Canada Paying $0 for Bonuses This Year, Poaching junior analysts / hot job market?
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