Bonuses
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.
Comply Direct cleans up with Employee Benefits Award
Packaging, environmental and waste management compliance business Comply Direct landed the Employee Benefits Award at the Personnel Today Awards 2018...
Persimmon ousts chief executive over bonus controversy
The chief executive of one of the UK’s largest housebuilders, has left his role because the controversy over his £75m...
Five lesser known maternity rights women must be aware of
With statistics suggesting autumn is the most popular season to give birth, Beverley Sunderland clarifies some lesser known maternity rights...
Employers spend thousands on extra benefits to attract skilled EU workers
Six in 10 organisations have offered EU workers extra incentives – including medical insurance, bonuses and higher salaries – in...
Executive pay ratio reporting: Six issues for employers to consider now
New legislation will require UK quoted companies with more than 250 employees to publish the pay ratio between their CEO...
Corporate governance code encourages board-level diversity and transparency
A new corporate governance code, which aims to improve public trust in business, has urged employers to establish a culture...
Pret’s £1,000 employee bonus: Do short-term rewards achieve anything?
The new owners of sandwich chain Pret A Manger have promised a £1,000 bonus to all employees who are on...
Shareholder discontent grows over executive pay
This year’s annual general meeting season has been marked by several significant rebellions by shareholders over senior employees’ pay and...
Businesses need to work together to close gender pay gaps
Employers need to work together to tackle broader industry-wide challenges in order to close the gender pay gap, PwC has...
Gender pay gap: Carlsberg pays women more than men
Carlsberg paid women on average 3.3% more than men in 2017, despite there being an under-representation of women in its...
Public backs keeping workers’ rights from EU
Britons overwhelmingly back keeping – often strengthening – workers’ rights derived from the EU post Brexit, according to research published...
Theresa May to tackle excessive bonuses that harm pension schemes
Prime minister Theresa May has vowed to fine company bosses who award themselves excessive bonuses while failing to protect workers’...
What you might have missed: Christmas and New Year round-up
The first day back at work for many is an inevitable struggle after a much-deserved break over Christmas. But what...
Pay: Why companies need to figure out what’s “fair”
The introduction of pay ratio disclosures, further likely regulation on the remit of remuneration committees, and stakeholder voice within the...
More companies hold on to key staff after mergers, says report
Almost four-fifths of companies that have gone through a merger or acquisition have managed to hold on to their ‘acquired...
