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Adrian Crawford: Bankers’ bonuses uncapped

Employee Benefits

First introduced by the European Union in 2014 in response to the 2008 financial crisis, the cap limited bonuses to twice employees’ basic salary. Many bankers have been happy with the relative security of higher fixed pay, all the more so as bonuses above a certain level are now subject to deferral.

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Lovewell’s logic: Will the removal of the bankers bonus cap drive change in remuneration structures?

Employee Benefits

This is the question that has arisen this week following the Financial Conduct Authority’s (FCA) announcement that the cap on bankers’ bonuses will be scrapped from 31 October. Will we see a move back to the former model of higher bonuses, but lower basic salaries? This has resulted in many employees receiving a more reliable income.

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Win a FREE Vacation, Bonus Paycheck During National Payroll Week

PayrollOrg

During this year's National Payroll Week® (NPW), PayrollOrg has your chance to win a bonus paycheck and dream vacation when you complete the "Getting Paid In America" survey.

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Network Rail withdraws annual bonuses for striking employees

Employee Benefits

Network Rail has withdrawn annual bonuses for staff who went on strike in a long-running dispute about pay, jobs and working conditions. The post Network Rail withdraws annual bonuses for striking employees appeared first on Employee Benefits.

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10 Ways to Keep Your Hourly Employees

Although sign-on bonuses might get people in the door, it takes a little more effort to ensure employees stay. As the battle for talent rages on, you need a strategy to get and keep great workers.

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How To Design An Effective Spot Bonus Program?

Vantage Circle

Although there are innumerable ways of rewarding your employees, rewards like spot bonuses undoubtedly win it. Unlike traditional performance-based bonuses typically tied to annual or quarterly reviews, spot bonuses can be awarded anytime. Hands down! Spot Bonus- What is it? Why Give Spot Bonus to Employees?

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Non-NHS health staff win one-off bonus

Employee Benefits

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.

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