64
Pay gap
Compared with the salaries that the highest
management members of financial institu-
tions receive abroad, the Belgian salaries are
much lower. As a result the differences in
earnings in the Belgian financial sector are
smaller than abroad because the Belgian fi-
nancial institutions pay all their employees
significantly better than the average in the ser-
vices sector. This does not mean, however, that
there is no pay gap. The difference between the
remuneration of a manager and a front desk
employee is significant.
The remuneration system is also discussed at
regular intervals at the level of the sector and
the trade unions.
4,900
2,300
5,200
2,400
5,250
0
1,000
2,000
3,000
4,000
5,000
6,000
Financial sector amount
Services sector amount
2009
bonuses median
2008
bonuses median
2007
bonuses median
2,500
AVERAGE BONUS IN EUR
(
SOURCE: FPS ECONOMY)
The average bonus in the financial
sector was a little over €5,000 gross
in 2009. These bonuses were mainly
granted to top management and cer-
tain specific profiles. In the entire ser-
vices sector that was somewhat more
than €2,000.
3.
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GOOD GOVERNANCE