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Greggs to share £17.6 million bonus among staff

Employee Benefits

The bakery chain also implemented an 8% overall wage and salary inflation in 2023 and expects to make around an increase of around 9.5% This will include the impact of the 10% national living wage increase and enhancement of its pension benefits, with staff now able to access up to 6% employer contributions.

Bonuses 59
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Extrinsic Motivation: All You Need To Know

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They can be pension benefits, paid leaves, etc. They are benefits that enhance an employees' work life, such as health benefits, club benefits, etc. A motivated employee will work twice as hard and find themselves working for a more significant cause than just for the salary. External Regulation.