Reports confirmed that US banks are offering better incentives over the corresponding job roles in other non-crypto work positions.
Recently Bloomberg published a report on the surge of crypto jobs by the United States-based banks. According to Bloomberg, top US banks are giving better increments & increased salary payments for the role of employees at crypto-based works.
Over the past three years record, the top giant Banks of the United States offered 1,000 more job positions for the crypto experts. And this is showing the increasing demand and interest of financial institutions in the crypto industry.
Mr Alon Johnson- human resource consultant- said that usual Incentives by the banks for crypto employees are high in the range of 20-30% corresponding to the same job position in non-digital assets based roles.
The firm also said that there are many crypto talents, which grabbed around a 50% increment for their work in the crypto industry. Johnson added
“The banks can’t run the risk that their clients go to another bank to do these services, so they need to build up.”
So according to Johnson, it isn’t easy to get a better crypto analyst/expert that is why institutions needed to increase their salary.
This statement of Johnson is a clear indication that the Crypto industry is still in the development phase and this industry needs huge talented workers. But the irony of the crypto space is, most of the people here came to achieve freedom instead of getting a job.
In the top 287 crypto-related hirings by the financial institutions like Goldman Sachs, Wells Fargo, Fidelity, and JPMorgan Chase- were in the top four of the digital assets based job roles hiring.
American Bank inclination towards crypto
In July 2021, a report by the Bank of America claimed that the industry of crypto ( including Defi, NFTs) is too big and now it can’t be ignored anymore.
And also the report of BoA claimed that this industry locked huge amounts of money, so the restriction on the activities is not a solution. Better regulation of the crypto industry will give better clarity and a better ecosystem for the people.