Wall Street firms tie bonuses, promotions to AI skills, survey finds
XLF•Nearly a quarter of financial firms tie raises, bonuses or promotions to employees’ AI proficiency, while 30% require employees to disclose AI use in performance reviews, a survey of 500 finance executives found.
1. AI skills enter reviews
Nearly a quarter of financial firms tie raises, bonuses or promotions to employees’ proficiency with artificial intelligence, and 30% require employees to disclose their use of AI tools in formal performance reviews, a survey by recruitment firm Selby Jennings found.
2. Formal criteria expand
The survey found that 42% of respondents had introduced formal criteria to evaluate employees’ AI skills, while 30% had created dedicated teams or roles to track whether AI investments were delivering results. Selby Jennings executive director Dylan Gomez said firms are monitoring AI’s impact on output and business results, and expects compensation links to become more defined by next year.
