A UK-based social services company has awarded its 750 staff a bonus payment
worth more than two-and-a-half months’ salary – an amount it claims is one of
the most generous in Europe.
Eaga Partnership, which came 28th in this year’s Sunday Times Best 100
Companies to Work For survey, is an employee-owned company. Staff become
partners in the business after 12 months’ service, qualifying them for a share
of the company’s profits.
Its bonus structure follows the model of John Lewis Partnership, whose staff
recently received its highest bonus payout in recent history, at six weeks’
salary.
Dave Routledge, director of organisational development at Eaga, said:
"If we researched the number of companies in western Europe willing to
distribute 21.5 per cent of annual salary to every member of staff, the answer
would be close to nil. Few ever take the opportunity to share the worth their
staff create."
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A recent survey of 365 HR professionals from The Work Foundation showed 77
per cent of UK employers have a bonus scheme, but only 38 per cent offered
bonuses to the whole workforce.
Eaga manages programmes on behalf of central government, devolved
administrations in Scotland, Wales and Northern Ireland, utilities and social
housing providers, and private customers.
