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.
Private medical insurance provider AXA PPP has, after consulting its circa 1,800 employees on cost saving options, decided to scrap...
When asked which staff benefit they would like to remove if they could, almost a quarter of company directors opted...
Retailer B&Q has introduced a new monthly bonus scheme to help motivate its 30,000 shop floor workers, just two months...
The Royal Bank of Scotland (RBS) is expected to reveal that it has agreed a £9.6m pay deal for its...
Thousands of top civil servants have come under pressure to give up their bonuses after it was revealed they totalled...
City investors have blamed consultants for allowing finance sector pay to spiral out of control.
Two top fund managers have...
Marks & Spencer (M&S) could face a shareholder revolt over its remuneration policy after the retailer’s annual report revealed executives...
Bonuses for Vodafone employees will be reinstated after angry staff secured a management climbdown.In March Vodafone’s chief executive Guy Laurence...
Staff at the Financial Services Authority (FSA), which admitted failing in its duty to regulate the banking system, have received...
BT has come under fire for awarding big bonus payouts. The telecoms group – which has recently announced plans to...
BT has come under fire for awarding big bonus payouts. The telecoms group – which has recently announced plans to...
A study has found that although GPs are meeting their financial targets, they are not providing better care for diabetic...
A study has found that although GPs are meeting their financial targets, they are not providing better care for diabetic...
More than 207,000 Tesco staff will share £98m in bonuses after the supermarket giant’s annual results showed profits had soared...
Senior executives face a summer of discontent over remuneration after unions warned that employees who owned shares would vote to...
