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.
An employment lawyer has slammed chancellor Alistair Darling’s plans to crack down on City bonuses.Darling told the Labour Party conference...
Pay for executives of the 100 biggest German companies grew 23% faster than their FTSE 100 counterparts in 2007, according...
Employers now rank energy efficiency ahead of redundancies or cutting staff bonuses as a better way to save money, a...
The BBC has defended HR chief Stephen Kelly’s £33,000 bonus – insisting he has “made an important contribution”.Broadcasting union Bectu...
Broadcasting union Bectu has called on BBC HR chief Stephen Kelly to hand back his £33,000 annual bonus in the...
BBC HR chief Stephen Kelly was paid a total of £431,000 in the last financial year, according to figures revealed...
Seven City brokers, who quit ABN Amro after being poached by a dealing firm, are suing the bank after it...
More than two-thirds of companies are in favour of linking staff bonuses to ethical behaviour, although only one in five...
IT and computer staff saw their basic pay rise by 4.8% over the past 12 months, according to a survey.The...
Since the Hawthorne experiments – some of the earliest into how to improve people’s performance at work, carried out by Elton...
Marks & Spencer (M&S) staff bonuses will be slashed this year, despite the retail giant making more than £1bn profit...
The Voucher Shop, one of the UK’s leading providers of vouchers to the incentives and flexible benefit markets, has launched a...
City recruitment experts have slammed Bank of England governor Mervyn King’s criticism of the Square Mile’s bonus culture, accusing him...
Bank of England governor Mervyn King has warned that the high bonuses awarded to staff in the finance industry was...
Four out of 10 UK employees still expect to receive a bonus of some sort this year, at an average...
