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.
More than 1,000 bankers are thought to have quit RBS to join rival banks where they can earn guaranteed cash...
The government is reported to be considering raising the national insurance contributions of banks and introducing a super-tax on bankers...
Twelve HR professionals have found their way onto a public sector ‘rich list’, with four earning more than the prime...
It’s easy to denounce banking executives for their apparent incompetence and greed, but keeping them from their bonuses is a...
RBS directors are threatening to quit if the Treasury stops bonus payments to staff in its investment arm, thought to...
The Walker Review was published in its final form on 26 November. Its recommendations follow a 10-month independent review by...
It’s often assumed that people get involved in the voluntary sector out of the goodness of their hearts. Volunteers may do, but for paid employees, the advantages are more tangible. The 21st annual Celre voluntary sector salary, published exclusively on XpertHR, reveals the financial advantages to life in the voluntary sector.
BT has been criticised for spending millions of pounds on taking staff on foreign trips to reward good performance while...
Reform of the banking sector should not focus too narrowly on pay and bonuses, experts have warned.In his long-awaited report...
Banks will have to reveal the number of staff taking home more than £1m a year in pay and bonuses,...
Male grave diggers employed by Birmingham city council earned bonuses regardless of whether they carried out extra work, a tribunal...
A City executive who is claiming £4m compensation for sex discrimination and constructive unfair dismissal was told her bonus was...
HR professionals at the CIPD’s flagship annual conference have accused the institute of lacking integrity and failing to promote best...
Measures set out in the 2009 Queen’s Speech to stop bankers who take ‘reckless risks’ from getting bonuses sound more...
A former Birmingham City Council boss has been accused of “fireproofing” bonuses for male employees so they wouldn’t lose them...
