Bonuses

BT chief who cut 55,000 jobs awarded £2.6m bonus

Former BT boss Philip Jansen has been awarded a £3.7 million pay package for the year 2023-2024, during which he announced 55,000 job cuts by 2030.

Campaigners slam Ocado boss's £15m bonus scheme

Ocado shareholders have approved a scheme that would enable CEO Tim Steiner to be awarded a bonus of up to £14.8 million, despite the online retailer having failed to commit to paying its employees...

Asos is right to drop DEI targets – but for all the wrong reasons

Asos has announced that bosses will no longer need to meet diversity, equity and inclusion (DEI) targets in order to receive annual bonuses. Instead, bonuses will hinge on the fashion giant meeting...

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Asos scraps diversity targets for bonuses

Asos has removed diversity targets from its criteria for directors to receive their bonuses to help them focus on profitability.

Employee experience better incentive than bonuses

Organisations such as Barclays, Lloyds Group, Virgin Money and British Airways have offered their staff one-off bonus payments to help with soaring living costs, yet bonuses might not be a quick fix...

Employees using cost of living to leverage better salary

Workers across the UK are using the cost of living crisis to negotiate better pay from their employers.

Employers criticised for keeping coronavirus support money

Greencore, John Lewis Partnership and WH Smith have joined a list of companies facing criticism for reaping financial reward during the pandemic, yet not repaying money secured from the government for...

Black Friday sales must not come at a price to employees

Black Friday represents one of the most hotly anticipated shopping opportunities of the year, for both retailers looking to boost sales and for consumers ready to bag a bargain. But this comes at a...

How easy is it to claw back bonuses from senior executives?

It is easier to refuse payment than to recover sums already paid

Formal bonuses overrated in motivating staff

?Allowing managers to use their discretion when allocating bonuses can help motivate staff, research has found