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Many employers operate contractual or discretionary bonus schemes to incentivise their employees.
A major legal issue for employers is to decide whether bonuses under the scheme are intended to be contractual or discretionary, and ensure that this is clearly reflected in the relevant employees’ contracts of employment.
17 Mar 2021
More than 200,000 NHS health workers and social care staff in Wales are to receive a £735 bonus from the government.
8 Mar 2021
Fast-food delivery giant Deliveroo has announced it is setting aside a £16 million ‘thank-you’ fund to reward its most loyal...
15 Feb 2021
Law firms have been rewarding staff with regular or ‘spot’ bonuses to make up for pay cuts or freezes made when the Covid-19 pandemic first hit.
13 Jan 2021
Stephen Simpson looks at five important employment law cases that will grab the headlines in 2021, covering significant issues such...
6 Jan 2021
The more focus companies put on financial incentives for CEOs’ bonuses, the worse the firm’s commercial performance, according to a...
6 Jan 2021
The median FTSE 100 CEO’s earnings will surpass that of the median annual wage for a full-time worker in the...
22 Dec 2020
Changes to bonuses, as businesses are impacted by the pandemic and Brexit crises, could well lead to tensions and legal cases.
11 Dec 2020
Average pay and bonuses for black employees at Lloyds Banking Group are significantly lower than what their white colleagues receive,...
4 Dec 2020
Just 34% of FTSE 100 organisations use employee-related metrics when calculating executives' performance-related pay.
1 Dec 2020
Lloyds Banking Group's new boss will be paid up to £5.5m in annual pay and bonuses – about a fifth less than his predecessor.
27 Nov 2020
Amazon is to pay a special holiday recognition bonus to its front-line employees globally, in order to demonstrate its appreciation...
20 Oct 2020
Senior executives' relationship with new employers is changing as they look to safeguard their positions against a background of instability.
7 Oct 2020
As the UK heads into a worrying winter, Charlie Thompson examines the risks for senior teams as they manage the...
18 Sep 2020
John Lewis and Waitrose staff will not receive a bonus next April for the first time in more than 60...