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Chief execs got average bonus of £172,897 in 2021

Employee Benefits

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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B&M awards bonus to 24,000 staff

Employee Benefits

The group has 693 stores across the UK under the B&M brand, as well as 310 Heron Foods and B&M Express outlets. More than 24,000 members of staff employed by discount retailer B&M will receive a sum equivalent to an extra week’s wage for their “considerable efforts” during the festive period.

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Cost of Living Bonuses for Employees in the UK: What Employers Need to Know

Empuls

What exactly are these bonuses, and how do they play a pivotal role in the lives of UK employees? In this blog you’ll learn about the intricacies of cost of living bonuses, understanding their significance, and uncovering the key factors that shape them. But before getting started let's uncover the basics.

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Greggs reports 10.49% mean gender pay gap for 2023

Employee Benefits

Fast food chain Greggs has reported a 10.49% mean gender pay gap for 2023, down from 2022’s figure of 14.64%. The organisation’s median gender pay gap for 2023 increased slightly year on year from 2.81% to 3.24%. A total of 73% of women and 66% of men received a bonus that year, compared to 69% and 65% in 2022.

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Nestle UK reports 7% mean hourly gender pay gap

Employee Benefits

Credit: Ken Wolter / Shutterstock.com Food and drink business Nestle UK has reported a 7% mean hourly pay gap in favour of women for 2023, an increase from its 4% gap in favour of women in 2022. The employer’s 2023 median hourly gender pay gap was 1% in favour of women, a decrease from 2% in favour of men the previous year.

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How to strike a balance between managing staff wellbeing and financial pressures

Employee Benefits

Pay strategies such as targeted pay increases, performance-related bonuses and earned wage access can help. Andy Whiteaker, head of employment at law firm Boyes Turner, says: “We have seen some organisations offering early pay rises or cost-of-living bonuses. It was restricted to support with food, energy and living essentials.”

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Metrics beat bonuses: How to motivate with measurement

Achievers

As working professionals, we look forward to our paychecks because of our need to pay bills, put food on the table, and have a place to live. Paychecks arrive on schedule and are expected, similar to year-end cash bonuses. Do you agree that recognizing and rewarding progress is a better indicator than the cash bonus?

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