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.
Executive search specialist Elena Bajada examines salary compression and what HR leaders should do to ensure their pay structures remain fair.
Bankers could get their bonuses sooner under new plans designed to bring the UK's rules more in line with other countries.
More than one in two employees (53%) are hoping for a seasonal bonus, while a similar proportion (48%) are expecting a gift.
Employers are labelled bad gift givers by nearly half (46%) of UK staff as the festive season approaches, research finds. Â
Bonuses safeguards set to be cut back as regulators look to boost London's financial sector competitiveness.
Microsoft has made security a 'core priority' for its workforce, tying it to employee performance reviews and compensation.
Pay and bonuses for bankers at Goldman Sachs have increased by 17% as profits more than doubled.
Warhammer figurine maker Games Workshop has handed over £18m in cash payments to its employees after it reported a strong year of sales and profits.
Staff at FA Cup winners Manchester United have been offered early payment of an annual bonus if they resign by next Wednesday.
Higher levels of employee engagement correlate with better business performance, but offering cash bonuses will not necessarily drive this, new...
Goldman Sachs is set to remove its bonus cap for London-based staff, allowing some of its workers to once again pick up multimillion pound payouts.
Tesco will pay a ‘thank you’ bonus to more than 220,000 workers after soaring profits last year.
Around 27,000 staff including community nurses and physios at non-NHS organisations will soon receive lump sums worth at least £1,655.
Despite a return to profit, for the second year running the John Lewis Partnership will not pay its staff a bonus.
Shadow chancellor Rachel Reeves will not reinstate a cap on bankers’ bonuses if a Labour government comes into power.
