SAYE payout breaks records

Tesco staff are set to benefit from the largest payout in UK
corporate history when two of its Save As You Earn schemes mature.

More than 33,000 staff, who have been saving between £10 and
£250 a month, will receive a share of £123m. Tesco claims the return will be
90-250 per cent.

The most recent three- and five-year scheme to be launched
last year attracted a record 66,000 employees signing up.

Tim Craddock, head of employment law and recruitment at Air
Miles, said of employee benefits schemes, "They encourage staff to stay
with the company long term. But those which only encourage staff to stay aren’t
necessarily the best because they don’t directly encourage good
performance."

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