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Latest News

UK ‘fat cats’ hog Christmas bonuses

by Personnel Today 17 Dec 2003
by Personnel Today 17 Dec 2003

More
than three-quarters of UK employers operate Christmas bonus schemes, but ‘fat
cat’ managers are still the most likely to benefit, according to the Work
Foundation.

Its
study, based on responses from 365 HR specialists, shows that 77 per cent of
British employers have a bonus scheme, but only half that number use them
across the entire workforce.

Results
show that senior managers are most likely to be offered a scheme and awarded a
higher proportion of earnings as bonuses.

Managers
also appear to be offered bonuses for different reasons, with annual payments
used more for loyalty and strategic reward, while quarterly, monthly or even
weekly schemes are designed to achieve set objectives.

Stephen
Bevan, director of research at the Work Foundation, said there was a growing
equality, but senior management was still treated differently.

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"The
‘fat cats’ are still getting fatter," he said.

By Michael Millar

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).

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