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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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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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

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

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. I think it is interesting to see how the importance of performance-related pay has moved in and out of fashion.

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Employee Benefit News

MARCH 21, 2024

The move follows better-than-expected earnings in recent weeks, and will benefit all eligible salaried workers.

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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. Keeping workers engaged and motivated is equally crucial.

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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

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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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

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

They had been undertaking industrial action since before Christmas after not receiving the payment from their employer, which they stated denied them the opportunity as they are not officially direct NHS employees. Many NHS workers received the Covid payment last year.

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Employee Benefit News

JANUARY 26, 2024

Workers are eligible if they earned a salary of less than $75,000 last year, and their total cash compensation was less than $85,000.

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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

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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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

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. We are pleased with how the process has worked and that we have reached a good outcome.”

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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. In March, Parfetts announced a 7.5% increase to their hourly rates.

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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

Operating across the Scottish highland region since 1994, Highland Home Carers (HHC) supports people living in their own homes with highly complex health and social care needs. It has a roster of more than 400 employees and has been an employee-owned organisation since 2004, rewarding staff with shares for working in challenging roles.

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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

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. per hour to £12.60

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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. million to £37.4

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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

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. The initiatives are also designed to aid staff recruitment and retention.

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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. In addition, workers will receive a 2% pay rise, totalling an investment of £54 million. billion at its department stores.

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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

JUNE 1, 2023

Credit: DW labs Incorporated / Shutterstock.com Luxury fashion brand Valentino has signed a three-year results-based bonus agreement for employees in its Italian fashion business with trade unions Filctem Cgil, Femca Cisl and Uiltec Uil. ” Valentino was contacted for comment prior to publication.

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Employee Benefits

MARCH 16, 2023

Retailer John Lewis has announced that it will not be giving its employees a bonus for this year, after reporting a £234 million loss. The bonus is its annual share-out of profits, and all staff receive it as a percentage of their salary. The 2021/22 bonus was worth 3% of employees’ pay.

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Employee Benefits

NOVEMBER 23, 2022

Global law firm Baker McKenzie is to pay its US associates end-of-year bonuses of up to $115,000 (£96,530) depending on seniority. The bonuses will start at $20,000 (£16,788) for those in the class of 2021 and increase up to $115,000 for its most senior associates. All fee earners are also eligible to receive a discretionary bonus.

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Achievers

MAY 26, 2015

Do you give your employees big annual bonuses as a reward for their work? If bonuses are going to serve as an incentive, you need to provide employees with clear metrics and objectives so that they understand exactly what they need to accomplish to earn the bonus. Most bonuses, however, only come 1-4 times per year.

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Employee Benefits

JANUARY 10, 2023

At the end of November 2022, Employee Benefits reported that 47% of businesses planned to provide staff with year-end bonuses for Christmas 2022. At the end of November 2022, Employee Benefits reported that 47% of businesses planned to provide staff with year-end bonuses for Christmas 2022. Conversely, 22.2% Meanwhile, 32.5%

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Darwinbox

FEBRUARY 7, 2022

Employee bonuses are the most intuitive and quick way to show appreciation for work and reward employees for their efforts. According to the size, net worth, culture, and policies of the business, bonuses can be designed to help raise the office morale and push every employee to strive and become the best versions of themselves.

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Employee Benefits

FEBRUARY 23, 2023

Book publishing business HarperCollins has reached an agreement with its US union, that includes a pay increase and bonus for employees. Nearly 250 members of staff, who are part of the union, have been on strike since 10 November 2022 over the terms of their contracts. Once ratified, the contract will extend through 31 December 2025.”

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Employee Benefits

DECEMBER 9, 2022

Declan Queally, a horse trainer in Ireland, was fined €4,000 (£3449.24) following an inspection of his stable yard and business, which found he had failed to pay necessary bonuses to staff under the Stable Employee Bonus Scheme. The post Horse trainer fined €4,000 for failure to pay bonuses to staff appeared first on Employee Benefits.

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Employee Benefits

JANUARY 27, 2022

In the chemicals; utilities; food and drink; and transport industries, the proportion of employees with bonuses increased significantly, although the value remained largely unchanged. Employees in Scotland and Wales had significantly lower average bonuses of approximately £1,500.

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