The tightening of wages – when performance matters more than ever.

Salaries across major business are undergoing significant changes, as performance becomes a greater guarantee of financial reward than the job titles themselves.

In the wake of the financial crisis the worth and contribution of any individual is more under question than ever, as society finds a new, deeper distrust for established, opaque hierarchies. A movement of accountability and transparency has taken hold, set against a back drop of financial turmoil and shareholder mistrust.

In short, more than ever, everyone wants to be sure you’re not getting paid for what you’re not doing. From this though evolves an opportunity, where people who excel have the potential to greatly improve their standard earnings through bonus structures.

Within the elite FTSE companies 25% have seen their CEO’s pay frozen. More tellingly 70% of new CEO appointments are internal, and on average they’re taking in 13% less than their predecessor. As these are often the key markers in economic change it’s no surprise to see the pattern repeated in Chrysalis’ own sectors – Chris Crawford, Managing Director states:

“We’ve noticed a rise in packages that include a bonus; increasingly candidates are slightly lowering salary expectations while understanding through strong performance they can increase the financial rewards. It’s a valuable system that rewards achievement, while still providing the incentive for any employee to continue to progress.”

Handling major accounts for blue-chip clients at global agencies or client-side at noteworthy companies it’s inevitable that digital sector workers face the same enhanced emphasis on their output and are rewarded accordingly.

It leaves us here at Chrysalis with one thought – you’ve more chance to define your worth than ever.