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 Financial Services Authority (FSA) has defended its decision to pay staff up to £33m in bonuses and pay rises...
HR news and analysis including: Financial services HR chiefs fear that scrutinising bonuses too much will damage their business CIPD...
Financial services HR chiefs have voiced fears about the knock-on effect the intense public and political scrutiny of City bonuses...
Financial Services Authority (FSA) staff are in line for £33m of bonuses and pay rises this year, despite the body...
Asda staff will receive a record £22m bonus this year after the supermarket giant reported the best Christmas sales ever....
Barclays has announced it is halving bonuses for 2008 as the government rejects calls to cap bank bonuses.The banking giant...
Retail giant Asda is to pay out its largest bonus ever to staff on Friday, 13 February, and will invest...
EXCLUSIVE Experienced staff approaching retirement are threatening to bow out of work early as bonuses and pay increases look unlikely...
The BBC’s senior managers are being paid £44m between them, fresh figures have revealed.Data released under the Freedom of Information...
Market-driven and performance-related pay have dominated the reward agenda for the past 30 years. But in tough times, demands for fairness come to the fore...
The best teachers will receive a £10,000 ‘golden handcuff’ for working at the worst performing secondary schools, according to plans...
Tesco employees are to share in more than £25m of vouchers and savings – as well as an extra day’s...
Unions are calling for a complete overhaul of remuneration in the financial sector after research revealed that five banking chief executives received...
The man in charge of Bradford & Bingley when it was nationalised in September was yesterday forced to defend the...
The rate of increases in average salaries for sales and marketing staff has dipped in the past 12 months, according...
