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.
The chief executive of Alliance Boots has earned almost £2.1m after just nine months in the job.Andy Hornby, former boss...
Metropolitan Police commissioner Sir Paul Stephenson has called for all police bonus payments to be scrapped.
Stephenson, who has turned...
Whitehall and NHS bonuses will be slashed by 65% in a bid to save £15m a year, the new coalition...
City pay and bonuses are rising back up to their pre-recession levels, despite widespread public criticism of the levels of...
Sainsbury’s staff are expected to share an estimated £70m bonus pool, as the retailer reports its full-year results this week.News...
Royal Bank of Scotland (RBS) chairman Sir Philip Hampton has admitted that bankers get paid too much.Hampton told BBC Radio...
Council HR departments could find their bonus scheme arrangements scrutinised in the wake of the Birmingham City Council equal pay...
RBS will overhaul its controversial executive pay scheme in response to shareholder pressure, it has been revealed.Chairman Sir Philip Hampton...
NHS bossses earning six-figure salaries received extra bonus payments of as much as £32,000, according to figures released under freedom...
Goldman Sachs announced staff bonuses of £3.6bn yesterday, just hours after a fraud inquiry was launched at the investment bank....
Bankers’ bonuses should be capped at £2,500 a year, say the Liberal Democrats, while board directors in financial institutions should...
The financial watchdog will be given the power to “quash” City bonuses which could incentivise risk-taking, Labour has pledged.
Gordon...
BP faced a shareholder revolt last night after two lobby groups challenged the oil giant’s remuneration policy for top directors.Pension...
Marks & Spencer (M&S) staff will share an £80m bonus pot after the retailer reported exceeding targets on sales.All M&S...
Lloyds Banking Group will increase the size of the bonus paid to its chief executive.The bank has said it plans...
