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.
Government officials have admitted that the 50% bankers bonus tax announced in the Pre-Budget Report has failed because many banks...
There was much talk about the bankers’ bonuses awarded near the end of 2009, followed by the chancellor’s Pre-Budget Report,...
Goldman Sachs is said to be considering moving its back-office functions out of the UK in a bid to avoid...
Kellogg’s has dished out more than £1m in Christmas bonuses this year, giving non-executive workers an extra week’s pay in...
Employees would rather receive a free iPod or digital camera than be ‘fast-tracked’ for promotion by their boss, according to...
HR news and analysis including: a look back at the big stories of 2009 – swine flu and bonuses –...
Banking chiefs will try to convince the Treasury to drop the new 50% tax on bankers’ bonuses by offering a...
An exodus of bankers moving overseas to avoid the bonus tax could be “a price worth paying” to reform the...
The government’s one-off levy on bankers’ bonuses will affect IT workers in the financial sector, but there is still confusion...
One of the Square Mile’s biggest brokerage firms has paved the way for its staff to move abroad following the...
HR news and analysis, including:
We talk to Lord McKenzie about the government’s mental health employment strategy
And we discuss...
Thousands of Sports Direct staff are in line to receive bonuses worth 25% of their salaries.
The news of the...
The chancellor’s proposed tax on bankers’ bonuses could infringe workers’ human rights.
On Wednesday, Alistair Darling announced a new 50%...
City HR functions can expect to be inundated by queries from bankers anxious to change their employment status to avoid...
Public sector pay rises will be capped at 1% for two years from 2011, the chancellor has announced in the...
