Taking The Temperature – May’s coronavirus survey

4 June 2020

Latest survey digs deeper into the impact on compensation and asks when and how firms plan to return to the office

 

Taking the Temperature May 2020

The second report in our Taking the Temperature series looks at how the outlook on private equity hiring, compensation and confidence has developed over the past month. We’ve also included data on returning to the office and likely changes to working practices as a result of the pandemic.

Headline findings:

  • More than half of organisations are onboarding new starters remotely
  • Over half expect bonuses to decrease, with 20% of these estimating a reduction of more than 50%
  • Majority expect carry to pay out later and 60% predict a reduction in value
  • Nearly a third do not expect a full return to the office before 2021
  • Changes to working practices favour flexible hours and optional home working
  • Over 70% expect a reduction in business travel and face to face meetings
  • Only a quarter say their organisations are conducting staff surveys to identify concerns / needs
  • Only 28% say their organisations are implementing additional mental health / well-being practices

Read the full report for a detailed breakdown of the data and commentary from our Founder and Managing Director, Gail McManus. 

Read May's Taking the Temperature report

 Please get in touch if you have any questions about the report or would like to discuss your firm’s response to the pandemic. We’re always here to help and share industry insights.

 

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