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 union representing bank staff has denounced a pay package that gives some workers no pay rise at all following a year of record profits for the banking group
The number of outstanding job vacancies in the City in January almost trebled compared to the same month in 2004.
UK employers place great value on staff loyalty, but do not pay their workers enough money to gain it, according to research.
The fee service which pays doctors for extra operations is to be extended across the UK with £500,000 extra funding
Retired workers from the former John Smiths brewery used to enjoy six free pints of beer or lager a week but the new owner has called time on the tradition
Staff at Pacific Direct were treated to a five-star hotel and free excursions and activities such as snorkelling with turtles, waterskiing and sailing
The rate of earnings growth has increased to 4.6 per cent for HR personnel, according to Remuneration Economics' salary survey
HR professionals change jobs for career progression and opportunities, not money, according to the latest research
The key to avoiding unnecessary absenteeism is a well-designed reward package and management programme, according to consultancy Watson Wyatt.
Lonmin, the platinum metals mining company, is expected to come under fire from shareholders this week over its decision to award a retired director a £500,000 bonus.
IT companies are set to give employees more bonus payouts and other benefits in an attempt to retain, recruit and...
Newly qualified teachers are to be offered thousands of pounds extra to work in parts of Scotland where schools struggle to recruit staff.
The TUC is calling for executive pay increases to be kept more closely in line with salary rises for other staff in the same company.
The Compass Group catering firm has introduced new restrictions to its executive bonus plans, to ensure that bosses are only...
Sandy Crombie will not collect more than £500,000 in bonuses from the troubled life insurance company
