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 UK's largest asset management organisation has updated its executive pay guidelines to permit US-style bonus structures linked to share price performance.
Ikea is set to award its salaried employees a 5% pay rise in 2024, as well as adopting the new Living Wage rates for its hourly-paid staff.
The November 2023 labour market figures show growth in average earnings continues to outstrip inflation, but at a slower rate.
Non-NHS staff who provide services to the health service will now be able to access this year's bonus.
The omission of some health workers from an NHS bonus scheme could lead to ministers being subject to a judicial review.
The removal of the bankers' bonus cap could throw up unintended challenges, according to lawyers.
The financial services regulators have lifted the cap on bankers' bonuses, effective from 31 October 2023.
Closing the median gender pay gap will take 63 years if the rate of progress up until now were to continue, according to BDO.
Network Rail has withheld annual bonuses from union members who took part in strikes, according to the RMT.
Median CEO pay in 2022 was 118 times that of the median full-time worker in the UK, analysis by the High Pay Centre has found.
PwC executives have told staff that pay rises this year will not match the inflation-busting increase of 2022.
A petition to ensure that NHS bank staff in England receive non-consolidated pay increases like their colleagues is gaining traction.
The average FTSE 100 CEO pay package increased by 12% last year, but increases in salary are likely to be more subdued in 2023.
The John Lewis Partnership could be on the verge of changing its famous employee-owned business structure in a bid to...
Top performing employees at Lloyds Banking Group will share the largest bonus pot in four years.
