Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+

Latest News

Biggest ever profit share payout for Tesco employees

by Personnel Today 6 Jul 2001
by Personnel Today 6 Jul 2001

More than 100,000 Tesco staff will benefit from the
company’s biggest ever profit share of £44m.

A total of 112,500 employees will benefit from the payout
which exceeds last year’s figure of £41m.

Under this year’s profit share scheme every employee with
two years’ service at 1 March 2001 will be given 3.6 per cent of their annual
salary in shares.

The shares, worth 250p each when allocated, will be kept in
trust for three years to avoid income tax.

When the shares are released in 2004, staff can either
choose to keep them or cash them in, benefiting from any share price growth.

It is the third time this year Tesco staff have received
shares.

In February 33,000 staff received shares worth £123 million when
two of its Save As You Earn schemes matured and in May staff shared £38m from
the 1998 profit share allocation.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

OptOut
This field is for validation purposes and should be left unchanged.

Tesco is the largest grocery retailer in the UK employing
over 240,000 people worldwide.

By Katie Hawkins. Click
here to respond

Tesco
Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

previous post
TUC protests at Wimbledon over low pay to cleaners
next post
Law society guilty of race bias

You may also like

How smarter collaboration can eliminate the workplace productivity...

23 Jun 2025

Personnel Today Awards 2025: Final deadline today

23 Jun 2025

Seven ways to prepare now for the Employment...

20 Jun 2025

Sniff a lemon on World Productivity Day and...

20 Jun 2025

Employees want more upskilling and apprenticeships to narrow...

20 Jun 2025

NHS pay disputes: Who could strike again?

20 Jun 2025

BBC Breakfast bullying and misconduct allegations under investigation

20 Jun 2025

AI company did not racially discriminate against Chinese...

20 Jun 2025

Financial analyst guilty of insider dealing while WFH

20 Jun 2025

Only a third of recruiters receive high-quality job...

20 Jun 2025

  • AI is here. Your workforce should be ready. SPONSORED | From content creation...Read more
  • Preparing for a new era of workforce planning (webinar) WEBINAR | Employers now face...Read more
  • 2025 Employee Communications Report PROMOTED | HR and leadership...Read more
  • Prioritising performance management: Strategies for success (webinar) WEBINAR | In today’s fast-paced...Read more
  • Retaining Female Talent: Four Ways to Reduce Workplace Drop Out PROMOTED | International Women’s Day...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2025

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2025 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+