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 global financial crisis has caused City HR professionals to lose their grip on making key bonus decisions, experts have...
Directors and managers have both enjoyed increases in pay and bonuses in 2008, according to research by salary survey specialist...
Former CIPD chief Geoff Armstrong was paid a total of £428,000 in his final year in charge – £85,000 more...
Northern Rock staff could receive generous bonuses if targets for paying back a £26bn government loan are met.The Newcastle-based bank...
Lloyds TSB has denied there is anything wrong with continuing to pay staff bonuses despite promises by Gordon Brown to...
Their naked ambition nearly brought the world to its knees, so let's expose the shortcomings of the City's slackers.
The rate of growth in bonuses has halved in the last 12 months, research has shown.
The Economic & Labour...
The TUC has called for a “wholesale review” of bonuses at the banks given a £37bn injection of taxpayers’ cash...
Chancellor Alistair Darling has banned senior board members at the banks bailed out this morning from receiving bonuses this year....
City employers have been given the green light by legal experts to slash banker bonuses in the wake of the...
With bank shares in freefall, everyone is looking for someone or something to blame. City bonuses have become the target...
Bonus schemes must be transparent and well-understood by staff to prevent legal problems arising when workers resign, employment lawyers have...
Hartlepool Borough Council and others v Dolphin and others FACTS The claimants were employed by Hartlepool Borough Council in a...
Attempts to clamp down on the City’s bonus culture face major barriers, legal experts have warned.The Financial Services Authority (FSA)...
The Financial Services Authority’s (FSA) investigation into bankers’ bonuses could result in legal challenges against banks from disgruntled employees, a...
