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.
More than 62,000 Lloyds TSB staff are to benefit from a £252m payout at the bank as part of share...
The flurry of post-bonus financial sector employee movement continued in February with the number of job candidates up 22% on...
City fat-cats have hit back at critics over their huge bonus payouts. Robert Pickering, chief executive of investment broker Cazenove, ...
City employers could be facing the threat of multiple legal claims from disgruntled workers contesting their bonus payouts. Almost one-third...
Cabinet minister Peter Hain made headlines earlier this month when he recommended that City firms donate two-thirds of their bonus...
The number of candidates for City jobs has risen dramatically as workers look to move on after receiving their bonuses....
Share options, bonuses and other perks account for all but a quarter of executive pay packages, with share incentives worth an average of...
City fat cats should be made to donate most of their huge bonuses to charities and poor people, according to...
Manchester United chief executive David Gill has spoken of his desire to lower his footballers’ guaranteed salaries and offer them...
Asda has given 123,000 store and depot workers a share of £15m worth of an annual performance-related bonus.
The bonus...
A City banker has collected £58.6m in earnings in less than a year and a half, it was revealed yesterday....
Marks and Spencer staff are set to cash in on a £56m bonus bonanza after a dramatic rise in the retailer’s...
Swedish furniture giant Ikea has given each of its 9,000 employees a bicycle for Christmas. The company, which presented staff...
More than nine in 10 UK employees will not receive a Christmas bonus this year, according to a survey by Select Appointments...
The founder and former boss of the mobile phone empire the Caudwell Group has given away £3.5m in bonuses to 500...
