Poll: Does the €500,000 salary cap for bankers at State-owned institutions need to be reviewed?

It’s worried that staff at Irish banks could be attracted by more lucrative job offers.

By Stephen McDermott Thursday 27 Sep 2018, 9:53 AM

Sep 27th 2018, 9:53 AM 29,032 Views 84 Comments

https://jrnl.ie/4256630

The Central Bank of Ireland (File Photo)

Image: Sam Boal/Rollingnews

The Central Bank of Ireland (File Photo)

Image: Sam Boal/Rollingnews

Minister for Finance Paschal Donohoe says a wage cap on those who work in State-owned financial institutions could be leading to problems with staff retention.

Currently, those who work in top jobs in AIB and PTSB can’t be paid more than €500,000 a year.

With a large number of international banks now located in Ireland, it’s worried that staff at Irish-owned banks could be attracted by more lucrative job offers.

The Department of Finance is therefore looking to review how much bankers are paid, but we’re wondering: Does the €500,000 salary cap for bankers need to be reconsidered?

Poll Results:

Yes, they should be paid less (5381)

No (3349)

Yes, they should be paid more (1703)

I'm not sure (419)

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Stephen McDermott

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Poll: Does the €500,000 salary cap for bankers at State-owned institutions need to be reviewed?