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 BBC has been criticised for paying out more than £15m in bonuses to around 10,000 staff, while proposing to axe 4,000 jobs
Pay consultancies are responsible for pushing up executive bonuses to record highs, according to the Association of British Insurers (ABI)
In the past, we have paid Christmas bonuses to our employees. We are not sure whether we want to pay...
Bankers at Goldman Sachs are expecting record Christmas bonuses this year.
Where bonuses are paid out this year, they are likely to demotivate rather than inspire.
Keeping top talenthas led many companies to increase salary offers in a bid to keep staff.
Billionaire entrepeneur Philip Green has paid Arcadia staff bonuses totalling £95m after his family walked off with a £1.2bn dividend...
Staff at KPMG, one of Britain's 'big four' accountancy firms, are in store for bumper Christmas bonuses
Royal Mail’s controversial sickness incentive scheme, which gives workers who do not take time off sick the chance to win...
Although finance workers enjoyed performance related bonuses up 3.75% in the nine months to May, few saw basic salaries increase
The average pay of a chief executive at the UK’s top companies is now more than £2.5m.
BBC chairman Michael Grade has ordered a further crackdown on expenses by asking for twice-yearly reports on spending by heads...
The BBC's head of HR was paid £313,000 in the last financial year, the corporation's annual report reveals.
Thousands of airport staff are in line to receive their first dividend bonus after National Air Traffic Services (Nats) reported a 3,700% increase in full-year profits
The traditional gift, such as a carriage clock or gold watch, to reward years of dedicated service by an employee,...
