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.
Staff at the Student Loans Company received almost £2m in bonuses last year, figures have revealed.Student Loans Company admitted that...
The government has again threatened to get tough with bankers who take reckless risks by giving more power to the...
Home secretary Alan Johnson has defended the £47m bonus bill for civil servants at the Ministry of Defence (MoD), claiming...
Ministry of Defence civil servants have been awarded bonuses totalling £47m – a move which has prompted criticism from families...
Cash is no longer king when it comes to reward at UK blue-chip companies.So said Mercer executive reward specialist Hannah...
RBS managers are attempting to prevent widespread resignations following the announcement of the bank’s new strict bonus policy.City headhunters have...
Organisations should ask themselves 10 questions to evaluate how vulnerable they may be to an equal pay claim, according to...
RBS and Lloyds Banking Group have agreed to not pay cash bonuses this year in return for a £30bn bailout...
A hearing has begun into an equal pay claim which could cost Birmingham City Council millions of pounds. The case,...
The shadow chancellor has called on banks to give loans to small businesses instead of paying bonuses to its executives....
Retail banks should be prevented from paying out “significant” cash bonuses, according to the Conservatives.Shadow chancellor George Osborne will today...
Bonuses amounting to more than £1.8m have been paid out to staff that are overseeing the construction of venues for...
UK firms have squeezed senior executive pay and benefits as a result of the recession, leaving the median boardroom directors salary...
City bank Goldman Sachs is expected to confirm tomorrow that staff bonuses will smash all records in 2009. The Wall...
City workers expect a similar or higher bonus than last year despite the recession, a new survey shows. Of 200...
