Employee Benefits

AUGUST 9, 2024

Banking organisation Barclays has removed a European Union (EU) imposed cap on bonuses for some of its bankers and traders. It will allow us greater flexibility to differentiate individual bonuses within a small and defined group of employees, enabling Barclays to continue to compete effectively to retain and attract the best talent globally.”

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PayrollOrg

AUGUST 30, 2023

During this year's National Payroll Week® (NPW), PayrollOrg has your chance to win a bonus paycheck and dream vacation when you complete the "Getting Paid In America" survey.

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Employee Benefits

AUGUST 30, 2023

Network Rail has withdrawn annual bonuses for staff who went on strike in a long-running dispute about pay, jobs and working conditions. The post Network Rail withdraws annual bonuses for striking employees appeared first on Employee Benefits.

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Employee Benefits

JUNE 21, 2024

Warhammer figurine maker Games Workshop has awarded more than £18 million in bonus cash payments to its employees after it reported a strong year of sales and profits. The Nottingham-based organisation has distributed the money on an equal basis to each member of staff in recognition of their contribution to its financial performance.

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Vantage Circle

JUNE 13, 2023

Although there are innumerable ways of rewarding your employees, rewards like spot bonuses undoubtedly win it. Unlike traditional performance-based bonuses typically tied to annual or quarterly reviews, spot bonuses can be awarded anytime. Hands down! Spot Bonus- What is it? Why Give Spot Bonus to Employees?

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HR Digest

OCTOBER 28, 2024

These include cut in bonuses for top-tier employees, reducing additional payments for employee anniversaries, and exploring possible closures of some German production sites. Volkswagen’s wage cuts a part of cost cutting strategy Volkswagen’s leadership has discussed several potential cost-saving moves as per Handelsblatt.

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PeopleKeep

APRIL 5, 2023

Unlike annual bonuses, spot bonuses are given "on the spot" to reward an employee for a particular action or behavior. A promotion or bump in salary isn't your only option to show appreciation. You can recognize an employee's extra effort or specific accomplishments with a spot bonus.

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Employee Benefits

AUGUST 2, 2024

It turns out that some of them don’t just come home with medals, but with special bonuses as well! According to a July 2024 report by Forbes, two of the countries that award the biggest medal bonuses are Hong Kong and Israel. On the other hand, American Olympians who win gold take home a $37,500 (£29,322) bonus.

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Employee Benefits

NOVEMBER 1, 2023

First introduced by the European Union in 2014 in response to the 2008 financial crisis, the cap limited bonuses to twice employees’ basic salary. Many bankers have been happy with the relative security of higher fixed pay, all the more so as bonuses above a certain level are now subject to deferral.

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Employee Benefits

JUNE 6, 2024

US-based supermarket chain Walmart has launched a new bonus payment for eligible full and part-time hourly paid store-based employees. Hourly paid employees are eligible for the bonus after a year’s service in the role. Bonus payments are calculated based on stores achieving performance targets. The organisation, which has approximately 1.6

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Employee Benefits

JANUARY 4, 2024

That is all well and good, but we do still base our bonuses on performance and without ratings, we are rather making it up as we go along. Worse, we had no way to analyse the bonuses given out, other than against target. With bonus and pension related to pay also, the impact is compounded. Well, not exactly anyway.

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PeopleKeep

SEPTEMBER 6, 2023

One way to keep productivity high and turnover low is by offering retention bonuses. Unlike performance-based bonuses, retention bonuses entice your most experienced and sought-after employees to remain at your company, regardless of performance.

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Insperity

APRIL 7, 2022

Employers usually offer bonuses to employees for a specific purpose (for example, to reward certain behavior or to recognize the achievement of established goals). For employees, bonuses are very popular because they represent an opportunity to earn more money beyond what their salary or hourly rate dictates. How employers benefit.

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Employee Benefits

OCTOBER 27, 2023

This is the question that has arisen this week following the Financial Conduct Authority’s (FCA) announcement that the cap on bankers’ bonuses will be scrapped from 31 October. Will we see a move back to the former model of higher bonuses, but lower basic salaries? This has resulted in many employees receiving a more reliable income.

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Employee Benefits

NOVEMBER 28, 2022

Almost half (47%) of businesses said they planned to provide staff with year-end bonuses for Christmas 2022, according to research by Just Eat for Business. For those planning on providing Christmas bonuses, employers based the decision on sales targets (31%), profits (30%) and employees’ personal goals (29%).

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Employee Benefits

JANUARY 19, 2024

One-third (33%) of UK employers are planning on increasing salaries and bonuses at the start of this year, according to research by job website Totaljobs. The post 33% of UK employers plan on increasing salaries and bonuses in 2024 appeared first on Employee Benefits.

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Employee Benefits

FEBRUARY 13, 2024

Credit: Maddie Red/Shutterstock Luxury fashion brand Hermès has announced that it will award all employees a €4,000 bonus in respect of its successful work in 2023. The news was announced at a presentation of the French firm’s 2023 full-year results, where alongside the staff bonus , it announced an increase in profits of 28%.

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Patriot Software

OCTOBER 11, 2022

Picture your star employees and how much value they add to your business. Many employers recognize their employees’ value with bonus pay. When you give an employee a bonus, you are required to withhold taxes on the additional money. To figure out how much to withhold, you need to understand the bonus tax rate. Supplemental […] READ MORE.

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Employee Benefits

MARCH 7, 2024

Bakery chain Greggs is to share a £17.6 million bonus among some of its employees after posting a record annual profit. A total of 25,000 employees out of 32,000 across the UK will receive a bonus in their pay packets at the end of March as a result of a 27% increase in profit to £188 million. The post Greggs to share £17.6

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Employee Benefits

FEBRUARY 9, 2024

Unite is currently in dispute with Barts NHS Trust and outsourcing firms Synergy and Mitie regarding a lump sum payment for their lowest paid staff. The post 2Gether Support Solutions staff awarded Covid bonus payment appeared first on Employee Benefits.

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BetterUp

MAY 17, 2024

How do sign-on bonuses work? Jump to section What is a sign-on bonus? How to negotiate a signing bonus Negotiate today for job satisfaction tomorrow

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Patriot Software

SEPTEMBER 7, 2022

When you first start your business and hire employees, you might be worried about how you’ll make payroll each pay period. But once your business is firmly planted, you might be able to give more money to your employees. One thing you might want to offer employees is bonus pay. Curious about the other types […] READ MORE.

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Employee Benefits

JANUARY 25, 2024

Jewellry brand Pandora has awarded its 2,600 retail employees across UK and Ireland a one-off bonus , following its 2023 financial results. The organisation will pay out bonus payments starting at £100, which will increase depending on employees’ roles. The bonus is in addition to their existing monthly sales incentive programme.

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Employee Benefits

APRIL 24, 2023

Credit: Michael715 / Shutterstock.com LloydsPharmacy pharmacists have agreed to a pay deal in which they will receive a 3.5% bonus payment this month, followed by a 2.25% bonus in October. The post LloydsPharmacy gives staff 5.75% bonus appeared first on Employee Benefits.

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Employee Benefits

NOVEMBER 6, 2023

Thousands of health workers will now receive a one-off bonus after threatening legal action against the government. A payment of at least £1,655 was agreed for NHS workers as part of their pay deal in England, but thousands of outsourced staff did not qualify for this as they worked for non-NHS organisations.

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Employee Benefits

SEPTEMBER 29, 2023

Wholesaler Parfetts has awarded its employees a 10% profit share bonus as part of its recognition of their contribution to its continued growth. Parfetts operates depots in Aintree, Anfield, Birmingham, Halifax, Middlesbrough, Sheffield, Sommercoates and Stockport, with operations covering England, North Wales and the Midlands.

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Sodexo Engage

MARCH 30, 2022

Summary: Do all good employers reward employees with bonuses? Many organisations across the UK believe that the best way to engage and reward their workforce is with employee bonuses. Many organisations across the UK believe that the best way to engage and reward their workforce is with employee bonuses. Are you one of them?

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Employee Benefits

JUNE 27, 2023

Cash and carry business Parfetts has awarded its 1,000 employees a 4% sales growth bonus as part of its Employee Ownership (EO) Day (23 June) celebrations. This is higher than the 2% bonus that employees received in 2022, along with a £500 cost-of-living bonus.

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Employee Benefits

NOVEMBER 30, 2023

Ingka Group, which owns retailer Ikea, has announced that it will pay out a €311 million employee bonus based on good results this financial year, where revenue grew by 5.4%. The group’s global annual performance-driven bonus programme rewards employees when they meet or exceed specific business goals. loyalty pension programme since 2014.

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Employee Benefits

JANUARY 12, 2022

The organisation also awards employees, who have been with the business since 1 July 2020, a £500 profit-share payment, which is calculated based on average working patterns and uses 30-hours per week as a full-time equivalent cap. The post Highland Home Carers motivates staff with shares and bonus schemes appeared first on Employee Benefits.

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Employee Benefits

MARCH 14, 2023

The bonuses were decided upon by the firm’s board of management and the General Works Council, and apply to 25,000 tariff-scale German employees, who will receive it with their April 2023 pay. The aim of this was to ensure all employees eligible for bonuses will be closer aligned with Daimler Truck’s economic success in Germany from 2023.

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Employee Benefits

NOVEMBER 10, 2022

Animal health and nutritional brand business Tangerine Group has rewarded 57 of its employees with more than two years of service with an annual profit share bonus. The staff have shared a £400,000 bonus pot, with those who have been with the organisation the longest receiving up to £10,000 in their most recent pay check.

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Employee Benefits

DECEMBER 5, 2023

Retailer Ikea has awarded its UK employees with pay increases that reflect the cost of living, as well as year-end bonuses based on the last year’s performance in a more than £35 million investment. The post Ikea awards pay increases and year-end bonuses to UK staff appeared first on Employee Benefits.

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Employee Benefits

JULY 27, 2023

Graham de Guise, chief people officer at Osborne Clarke, said: “To reward our people for high performance, this year we’re offering performance bonuses up to 20% and all qualifying staff received a 4% profit share in June, with a £2,000 minimum payment.

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Employee Benefits

FEBRUARY 22, 2023

Credit: sylv1rob1 / Shutterstock.com French fashion and design brand Hermès has announced that it will pay its 19,700 employees a bonus of €4,000 (£3,519) this year. Axel Dumas, chief executive officer of Hermès, presented the year-end bonus plan at an analyst meeting on Friday 17 February. Dumas cited the brand’s net profit reaching €3.4

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Employee Benefits

MARCH 10, 2022

The John Lewis Partnership is to pay employees a 3% bonus, as well as committing to pay the voluntary living wage and implementing a wider pay rise. I am confident that by continuing to invest in our strategy we will deliver for our customers, partners, suppliers and communities.”

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Employee Benefits

OCTOBER 27, 2023

Allied Irish Banks (AIB) is to introduce healthcare benefits and a bonus worth up to €12,700 for all employees. From 1 January 2024, it will introduce healthcare benefits for the first time for all employees in the Republic of Ireland and Northern Ireland.

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