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.
Employees would rather have a pension than enjoy other benefits such as flexible working or bonuses, a survey has found.A...
A major British engineering company has rewarded its chief executive bonuses worth millions of pounds despite heavy losses and redundancies....
BP has ignored a potential shareholder rebellion and agreed to award bonuses to executives following its annual general meeting.Nearly four...
A Sunderland City Council bonus scheme directed at male-dominated jobs such as street cleaning and refuse collecting has been deemed...
Thousands of UK staff at Goldman Sachs have been promised a 33% pay rise after the bank posted strong earnings...
Virgin Media is pressing ahead with plans to award its managers bonuses despite announcing last year that it would cut...
State schools have been criticised for offering City-style salaries...
British Airways could face industrial action over plans to slash employee remuneration and holidays, to reduce in-flight budgets by £82m....
Senior council individuals should not be forced to disclose their pay and bonuses as it may put talented people off...
Allen & Overy employment partner Sylvie Watts considers the issue of bankers' remuneration following the Turner Report and in the context of this week's G20 meeting.
UK executives face frozen salaries and further pay clawbacks, following trends in the US, experts claim.A survey by business consulting...
Councils will be forced to disclose the pay and remuneration of their chief executives under new measures announced yesterday.Local government...
HR directors can expect to take home £156,000 in basic pay and bonuses this year, exclusive research has revealed.The report,...
Vodafone has scrapped pay rises for all UK staff this year, just weeks after it confirmed hundreds of job losses.The...
A Canadian company launching in the UK will offer new recruits £1,000 to leave after two weeks if they are...
