New posts are up 38% in the City on a year ago, so all the signs are that the Square Mile is heading out of the doldrums, which suggests that we may be about to see a lot more “velocity” in the market post-bonus day, given the increased confidence, as employees bank their bonus and then decide it’s time to move on.

But what can you do if you're not happy with the amount you are paid? The reality is that those who remain in employment, other than the real superstars, are usually reluctant to raise formal challenges. However, for those exiting anyway there is less to lose, and a particularly poor bonus can even trigger a constructive dismissal claim, releasing an individual from their post-termination restrictions that restrict what they can do upon leaving.