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.
The finance watchdog has exposed serious flaws in how City HR teams vet candidates for top banking jobs.Since December, the...
An overwhelming majority of top firms believe the Financial Services Authority’s (FSA) new code of practice will have little or...
The financial crisis has exposed serious flaws in remuneration practices in the banking sector, and City minister Lord Myners displayed...
Channel 4 has been forced to defend executive salaries after MPs claimed they were “grossly excessive”.Chief executive Andy Duncan defended...
Police Federation chairman Paul McKeever has directly appealed to the Conservatives to keep police officers’ three-year pay deals and pensions...
Sainsbury’s staff are set to cash in on a £60m bonus pool after the supermarket chain reported an 11.3% increase...
The majority (80.3%) of employers are still operating bonus or incentive schemes, according to recent research from Personnel Today‘s sister...
Pay has plummeted nearly six per cent in the past year – the sharpest fall since the Office for National...
Bankers’ bonuses have been a focus of media attention in recent times. Yet clipping and clawing back bonuses is fraught...
A bonus is the benefit that staff find most motivational, according to exclusive research for Reward & Benefits Today.The poll,...
Sunderland City Council has lost an employment tribunal brought by 150 female staff who claimed male-dominated roles were being targeted...
Six in 10 white-collar workers took home a cash bonus last year, worth on average 13.8% on top of basic...
Bonuses have virtually been wiped out in the private sector this year as employers cut costs to retain key staff,...
Network Rail has revealed that senior managers will collect bonuses next year,despite government criticism.At the CIPD’s HRD 2009 conference, Marc Auckland,...
Nearly £4m worth of bonuses have been paid to public servants working in Britain’s nuclear industry, it has emerged. A...
