With the economy in a shambles, it's not surprising that risk managers are feeling the effects in their personal bank accounts, with raises and bonuses not as easy to come by as they might have been in the past few years.
“Generally speaking, some risk managers are seeing their salaries frozen and their bonuses reduced or cut out altogether–especially if the bonus depends not just on personal performance but on the employer turning a profit, which far fewer are managing to do in this economy,” according to Bill Perry, president of Logic Associates in New York.
“However, there are outfits making money even in this economy, and for those operations, risk managers are reporting business as usual–at least to the extent possible in an economy this bad,” he added.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
