More than 207,000 Tesco staff will share £98m in bonuses after the supermarket giant’s annual results showed profits had soared during the recession.
Employees with at least a year’s service by the end of February will each receive record shares worth the equivalent of 3.6% of their annual salary, to a maximum of £3,000. Staff will be able to cash in on the shares in 2014.
Other retailers have also announced record shares incentives schemes to reward employees during the recession. DIY retailer B&Q announced in April that 300 store managers could cash in on £25,000 worth of shares in just three years’ time if they maintained high standards of work.