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.
Banking sector HR directors should be taking action now to prepare for April’s Finance Act, which includes the controversial one-off...
The Financial Services Authority (FSA) has told investment banks to comply with regulatory guidelines or risk losing their licences to...
Marks & Spencer has agreed to pay its new boss £8.5m for his first year in the job.
The high...
A survey conducted by IFF Research, seen exclusively by Personnel Today, shows that pay and reward are very important for those working in the private sector, while public sector employees are more concerned with working hours and flexibility. But the ongoing recession mean job security is of paramount importance to all workers.
Robert Wiseman Dairies is giving a £100 bonus to all its staff for deliveries during the snow.The bonuses – costing...
Deloitte is to unveil a mentoring programme this week to boost engagement, just months after the firm has been forced...
Corus steel-workers in Scunthorpe are to receive bumper bonus payments this month, after lawyers for the union launched a case...
Goldman Sachs will cap the salary and bonuses of its top London staff at £1m.The investment bank is expected to...
Civil servants could be stripped of their performance-related bonuses and see their basic salaries cut, under plans that could be...
HR professionals have forecast a 2% median pay increase across the UK private sector this year – a marked improvement...
City bosses have warned that tax and regulatory changes risk losing the UK’s top talent to firms overseas by 2030,...
Goldman Sachs bankers will be among the last to learn about their bonuses after rumours that the bank is fully...
Goldman Sachs is said to be considering forcing its top bankers to donate part of their bonuses to charity to...
RBS boss Stephen Hester has insisted the troubled bank has to pay bonuses to keep staff.The chief executive told the Treasury Select...
Bankers earning more than £1m a year face a new bonus clampdown by the Financial Services Authority (FSA).The City watchdog...
