More than 19,000 Asda employees are to share a payout of £61.7 million under parent organisation Walmart’s three-year sharesave scheme.
The payouts will vary from £3,000 to more than £15,000.
The supermarket chain’s sharesave scheme allows employees to set aside between £50 and £250 of their salary per month for a three-year period.
At the end of the three years, Asda employees have the opportunity to buy Walmart shares at a 20% discounted price on the market value in 2010. They will also receive a small tax-free bonus. Employees are then able to sell the shares at today’s market rate.
Asda was a finalist at the 2013 Employee Benefits Awards for ‘Best employee share schemes’.
Hayley Tatum, executive people director at Asda, said: “This record bonus pot reflects the success we’ve seen this year, all of which is down to the hard work and commitment of our employees across the organisation.
“Giving our employees the chance to save each month is just one of our ways of saying thank you and a great way to ensure that they reap the rewards of their exceptional efforts.”
