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.
Fast-food delivery giant Deliveroo has announced it is setting aside a £16 million ‘thank-you’ fund to reward its most loyal...
Law firms have been rewarding staff with regular or ‘spot’ bonuses to make up for pay cuts or freezes made when the Covid-19 pandemic first hit.
Stephen Simpson looks at five important employment law cases that will grab the headlines in 2021, covering significant issues such...
The more focus companies put on financial incentives for CEOs’ bonuses, the worse the firm’s commercial performance, according to a...
The median FTSE 100 CEO’s earnings will surpass that of the median annual wage for a full-time worker in the...
Changes to bonuses, as businesses are impacted by the pandemic and Brexit crises, could well lead to tensions and legal cases.
Average pay and bonuses for black employees at Lloyds Banking Group are significantly lower than what their white colleagues receive,...
Just 34% of FTSE 100 organisations use employee-related metrics when calculating executives' performance-related pay.
Lloyds Banking Group's new boss will be paid up to £5.5m in annual pay and bonuses – about a fifth less than his predecessor.
Amazon is to pay a special holiday recognition bonus to its front-line employees globally, in order to demonstrate its appreciation...
Senior executives' relationship with new employers is changing as they look to safeguard their positions against a background of instability.
As the UK heads into a worrying winter, Charlie Thompson examines the risks for senior teams as they manage the...
John Lewis and Waitrose staff will not receive a bonus next April for the first time in more than 60...
Temporary pay cuts taken by chief executives during the coronavirus pandemic won’t solve excessive pay and bonus culture, according to...
Research finds that fewer companies will offer a premium to attract talent in the coming months and that HR is heavily involved in business continuity planning.
