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.
A survey to assess the impact of performance-related pay in the construction sector proves that it is good for workforce morale and employee work-life balance. By Brian Green
One of our employees has left, having worked continuously during 2005. She had a package which included an annual bonus....
Almost two-thirds (64%) of City professionals have reported receiving a higher bonus payment than in 2005, with one in 10 being paid an amount double or higher than in the previous bonus round.
The benefits of a good year will be shared with the 63,000 workforce, retailer's chief executive says
More than three quarters of finance professionals are actively looking for a new job, according to a survey by online recruitment firm, eFinancialCareers.com.
Employees at John Lewis are to receive a £120m bonus after the retailer outperformed most of its high-street rivals last year.
Staff at Royal Bank of Scotland are set to receive record bonuses of more than £2,000 each this month after helping the bank to bumper profits.
Bankers profit from Barclays profit boost.
Money spent on bonus schemes should be justified in the same way as other expenditure..
The former vice chairman of Wal-Mart faces a maximum prison sentence of 28 years and a $1.35m (£757,000) fine after pleading guilty to fiddling his expenses to buy a bizarre range of items, including a 12-bore shotgun, a Celine Dion CD and a large Polish sausage
Most Asda staff will miss out on bonuses this year because of the supermarket's faltering performance, the company has admitted
Union calls for Royal Commission to look into impact of City bonuses on UK economy.
The use of performance-related pay is growing on a global scale
Staff at estate agency Savills will share out an £80m bonus after buoyant trading in 2005.
Nearly 60% of City workers predicted that their 2005 bonuses would be higher than the previous year and only 8%...
