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Personnel expenses
6 Months Ended
Jun. 30, 2023
Personnel Expenses [Line Items]  
Personnel expenses
Note 6
 
Personnel expenses
 
 
 
 
 
 
 
 
 
 
 
For the quarter ended
Year-to-date
USD m
30.6.23
31.3.23
30.6.22
30.6.23
30.6.22
Salaries and variable compensation
1
4,804
3,885
3,786
8,689
7,954
of which: variable compensation – financial advisors
2
1,110
1,111
1,122
2,222
2,342
Contractors
77
70
80
147
163
Social security
294
279
218
572
503
Post-employment benefit plans
261
236
199
497
448
Other personnel expenses
215
151
139
366
274
Total personnel expenses
5,651
4,620
4,422
10,271
9,343
1 Includes role-based
 
allowances.
 
2 Consists of
 
cash and deferred compensation
 
awards and is
 
based on compensable
 
revenues and firm tenure
 
using a formulaic approach.
 
It also includes
 
expenses related to
compensation commitments with financial advisors entered into at the time of recruitment that are subject to vesting requirements.