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 US government is considering renegotiating the £30bn cash injection it most recently gave AIG after it news emerged that...
More than £800m of the government cash handed over to the Royal Bank of Scotland has been earmarked to prop...
Organisations that do not reduce executive pay and bonuses could be harbouring a “ticking time-bomb” of retention and engagement problems,...
Half of UK bankers would consider leaving the country if their bonuses were capped, a survey claims.The poll of almost...
The boss of HSBC is expected to forgo millions of pounds in bonuses as the bank embarks on a record-breaking...
The Financial Services Authority (FSA) has issued a code of practice on pay following the recent public outcry over bonuses...
I could not believe the gall of PPMA president Stephen Moir ('Pay freeze plan risks public sector unrest', Personnel Today, 24 February),.
Northern Rock has announced controversial plans to pay bonuses to thousands of staff despite a reported £1.4bn loss last year.The...
sponsored by HR news and analysis including: Financial services HR chiefs fear that scrutinising bonuses too much will damage their...
Curbing City bonuses will ‘scare’ banking staff into moving abroad to find more lucrative work in overseas financial institutions the...
How should employers respond to Harriet Harman's pronouncements about 'sexist' bonuses?
In a ruling that could impact bonus payments, the Court of Appeal has rejected an appeal by a City firm...
Retail reward managers have defended some of the biggest staff bonuses on record, despite business experts predicting 2009 will be the...
Discretionary bonuses should be paid by BootsSmall and others v (1) Boots Company plc (2) Boots UK Ltd FACTS Mr...
The Royal Bank of Scotland (RBS) has bowed to government demands to slash investment banker bonuses to £175m and scrap...
