Bakery chain Greggs is to share a £17.6 million bonus among some of its employees after posting a record annual profit. In a webcast detailing the business’ latest results, chief executive Roisin Currie explained that Greggs will continue to share 10% of its profits with team members with at least six months of service as […]
Last weekend, the Kansas City Chiefs beat the San Francisco 49ers at the 58th annual Super Bowl (spoiler alert!) While the 49ers did not walk away with the trophy, they will receive a post-season bonus payment. If you’ve ever fancied becoming a National Football League (NFL) player and wondered how much they can earn as […]
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%. All 22,040 employees will receive […]
Hundreds of staff employed by NHS outsourcing firm 2Gether Support Solutions will now receive a more than £1,600 lump sum payment for working during the pandemic after undertaking industrial action. 2Gether Support Solutions is a wholly-owned subsidiary of the East Kent NHS Trust, which runs the Kent and Canterbury Hospital in Canterbury, William Harvey Hospital […]
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. The bonus, which is driven […]
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. Its Hiring trends index, which surveyed over 1,000 UK HR decision markers, also revealed that 29% of respondents cited securing another job with higher pay as the leading factor in […]
I think it is interesting to see how the importance of performance-related pay has moved in and out of fashion. Go back a few years and everyone was saying they were a pay-for-performance employer and everything from shares to pay rises was linked to a rating. That made budgeting difficult, so we had to have […]
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. Hourly-paid staff will receive a 10% pay increase in 2024, while salaried workers will see a rise of 5% on average. […]
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. The bonus total varies each year and is […]
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. The one-off NHS bonus […]
The bankers’ bonus cap has been scrapped in the UK from 31 October 2023 as a post-Brexit measure reportedly designed to liberalise City pay and boost the competitiveness of the UK as a financial centre. First introduced by the European Union in 2014 in response to the 2008 financial crisis, the cap limited bonuses to […]
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 benefits, which are provided by Bupa and Vhi, will give employees […]