PayrollOrg

AUGUST 30, 2023

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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Bonuses Payroll 104

Employee Benefits

AUGUST 30, 2023

Network Rail has withdrawn annual bonuses for staff who went on strike in a long-running dispute about pay, jobs and working conditions.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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Bonuses Overtime Salary Employee Benefits 111

PeopleKeep

APRIL 5, 2023

Unlike annual bonuses, spot bonuses are given "on the spot" to reward an employee for a particular action or behavior. A promotion or bump in salary isn't your only option to show appreciation. You can recognize an employee's extra effort or specific accomplishments with a spot bonus.

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Bonuses Salary Employee Benefits 82

Employee Benefits

JUNE 6, 2024

US-based supermarket chain Walmart has launched a new bonus payment for eligible full and part-time hourly paid store-based employees. Hourly paid employees are eligible for the bonus after a year’s service in the role. Bonus payments are calculated based on stores achieving performance targets. The organisation, which has approximately 1.6

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Vantage Circle

JUNE 13, 2023

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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Bonuses Employee Recognition Human Resources Finance 91

Employee Benefits

NOVEMBER 1, 2023

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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Bonuses Banking Salary Government 59

Employee Benefits

JANUARY 4, 2024

That is all well and good, but we do still base our bonuses on performance and without ratings, we are rather making it up as we go along. Worse, we had no way to analyse the bonuses given out, other than against target. With bonus and pension related to pay also, the impact is compounded. Well, not exactly anyway.

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Bonuses Management Pension Salary 105

PeopleKeep

SEPTEMBER 6, 2023

One way to keep productivity high and turnover low is by offering retention bonuses. Unlike performance-based bonuses, retention bonuses entice your most experienced and sought-after employees to remain at your company, regardless of performance.

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Bonuses Employment Employee Benefits 52

Employee Benefits

JANUARY 19, 2024

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. The post 33% of UK employers plan on increasing salaries and bonuses in 2024 appeared first on Employee Benefits.

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Insperity

APRIL 7, 2022

Employers usually offer bonuses to employees for a specific purpose (for example, to reward certain behavior or to recognize the achievement of established goals). For employees, bonuses are very popular because they represent an opportunity to earn more money beyond what their salary or hourly rate dictates. How employers benefit.

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Bonuses Health Recruitment Salary 107

Employee Benefits

FEBRUARY 13, 2024

Credit: Maddie Red/Shutterstock 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%.

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Bonuses Employee Benefits Employment IT 59

Employee Benefits

NOVEMBER 28, 2022

Almost half (47%) of businesses said they planned to provide staff with year-end bonuses for Christmas 2022, according to research by Just Eat for Business. For those planning on providing Christmas bonuses, employers based the decision on sales targets (31%), profits (30%) and employees’ personal goals (29%).

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Employee Benefits

MARCH 7, 2024

Bakery chain Greggs is to share a £17.6 million bonus among some of its employees after posting a record annual profit. A total of 25,000 employees out of 32,000 across the UK will receive a bonus in their pay packets at the end of March as a result of a 27% increase in profit to £188 million. The post Greggs to share £17.6

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Bonuses Pension Benefit Manufacturing Pension 59

BetterUp

MAY 17, 2024

How do sign-on bonuses work? Jump to section What is a sign-on bonus? How to negotiate a signing bonus Negotiate today for job satisfaction tomorrow

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Bonuses IT Employee Benefits Employment 52

Employee Benefits

FEBRUARY 9, 2024

Unite is currently in dispute with Barts NHS Trust and outsourcing firms Synergy and Mitie regarding a lump sum payment for their lowest paid staff. The post 2Gether Support Solutions staff awarded Covid bonus payment appeared first on Employee Benefits.

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Bonuses Hospitality Employee Benefits Employment 83

Patriot Software

OCTOBER 11, 2022

Picture your star employees and how much value they add to your business. Many employers recognize their employees’ value with bonus pay. When you give an employee a bonus, you are required to withhold taxes on the additional money. To figure out how much to withhold, you need to understand the bonus tax rate. Supplemental […] READ MORE.

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Bonuses Taxes Employment Payroll 76

Employee Benefits

JANUARY 25, 2024

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.

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Retail Bonuses Hospitality Salary 59

Patriot Software

SEPTEMBER 7, 2022

When you first start your business and hire employees, you might be worried about how you’ll make payroll each pay period. But once your business is firmly planted, you might be able to give more money to your employees. One thing you might want to offer employees is bonus pay. Curious about the other types […] READ MORE.

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Bonuses Payroll 70

Employee Benefits

NOVEMBER 6, 2023

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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Bonuses Government Healthcare Employment 59

Employee Benefits

APRIL 24, 2023

Credit: Michael715 / Shutterstock.com LloydsPharmacy pharmacists have agreed to a pay deal in which they will receive a 3.5% bonus payment this month, followed by a 2.25% bonus in October. The post LloydsPharmacy gives staff 5.75% bonus appeared first on Employee Benefits.

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Bonuses Healthcare Salary Employee Benefits 59

Employee Benefits

SEPTEMBER 29, 2023

Wholesaler Parfetts has awarded its employees a 10% profit share bonus as part of its recognition of their contribution to its continued growth. Parfetts operates depots in Aintree, Anfield, Birmingham, Halifax, Middlesbrough, Sheffield, Sommercoates and Stockport, with operations covering England, North Wales and the Midlands.

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Bonuses Retail Salary Employee Benefits 59

Sodexo Engage

MARCH 30, 2022

Summary: Do all good employers reward employees with bonuses? Many organisations across the UK believe that the best way to engage and reward their workforce is with employee bonuses. Many organisations across the UK believe that the best way to engage and reward their workforce is with employee bonuses. Are you one of them?

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Bonuses Employee Benefits Employment 98

Employee Benefits

JUNE 27, 2023

Cash and carry business Parfetts has awarded its 1,000 employees a 4% sales growth bonus as part of its Employee Ownership (EO) Day (23 June) celebrations. This is higher than the 2% bonus that employees received in 2022, along with a £500 cost-of-living bonus.

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Bonuses Salary Employee Benefits Management 59

Employee Benefits

NOVEMBER 30, 2023

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. loyalty pension programme since 2014.

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Bonuses Pension Retail Salary 59

Employee Benefits

MARCH 14, 2023

The bonuses were decided upon by the firm’s board of management and the General Works Council, and apply to 25,000 tariff-scale German employees, who will receive it with their April 2023 pay. The aim of this was to ensure all employees eligible for bonuses will be closer aligned with Daimler Truck’s economic success in Germany from 2023.

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Bonuses Manufacturing Human Resources Employee Benefits 59

Employee Benefits

JANUARY 12, 2022

The organisation also awards employees, who have been with the business since 1 July 2020, a £500 profit-share payment, which is calculated based on average working patterns and uses 30-hours per week as a full-time equivalent cap. The post Highland Home Carers motivates staff with shares and bonus schemes appeared first on Employee Benefits.

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Bonuses Pension Taxes Employee Benefits 119

Employee Benefits

DECEMBER 5, 2023

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. The post Ikea awards pay increases and year-end bonuses to UK staff appeared first on Employee Benefits.

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Bonuses Retail Health Government 59

Employee Benefits

JULY 27, 2023

Graham de Guise, chief people officer at Osborne Clarke, said: “To reward our people for high performance, this year we’re offering performance bonuses up to 20% and all qualifying staff received a 4% profit share in June, with a £2,000 minimum payment.

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Bonuses Parental Leave Medical Insurance 52

Employee Benefits

NOVEMBER 10, 2022

Animal health and nutritional brand business Tangerine Group has rewarded 57 of its employees with more than two years of service with an annual profit share bonus. The staff have shared a £400,000 bonus pot, with those who have been with the organisation the longest receiving up to £10,000 in their most recent pay check.

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Bonuses Manufacturing Taxes Employee Benefits 64

Employee Benefits

OCTOBER 27, 2023

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.

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Healthcare Benefits Bonuses Healthcare Paid Leave 59

Employee Benefits

FEBRUARY 22, 2023

Credit: sylv1rob1 / Shutterstock.com French fashion and design brand Hermès has announced that it will pay its 19,700 employees a bonus of €4,000 (£3,519) this year. Axel Dumas, chief executive officer of Hermès, presented the year-end bonus plan at an analyst meeting on Friday 17 February. Dumas cited the brand’s net profit reaching €3.4

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Bonuses Salary Employee Benefits IT 59

Employee Benefits

AUGUST 9, 2023

Construction workers employed at the Stanlow Oil Refinery in Cheshire have secured a 300% increase in bonus pay. The 450 employees operating under the National Agreement for the Engineering Construction Industry, work for several different contractors at the site. Following negotiations, their hourly bonus rate was increased from 80p to £2.37.

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Bonuses Engineering Construction Employee Benefits 52

Employee Benefits

MARCH 10, 2022

The John Lewis Partnership is to pay employees a 3% bonus, as well as committing to pay the voluntary living wage and implementing a wider pay rise. I am confident that by continuing to invest in our strategy we will deliver for our customers, partners, suppliers and communities.”

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Bonuses Retail Salary Employee Benefits 102

Patriot Software

OCTOBER 31, 2022

Or, you’ve found the perfect candidate and want to sweeten the job offer. What do you do? In either case, you may consider offering a sign-on bonus. But before you advertise a $500, $1,000, or $5,000 (you get the picture) sign-on bonus, you […] READ MORE.

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Bonuses Human Resources Payroll 80

Employee Benefits

JUNE 1, 2023

Credit: DW labs Incorporated / Shutterstock.com Luxury fashion brand Valentino has signed a three-year results-based bonus agreement for employees in its Italian fashion business with trade unions Filctem Cgil, Femca Cisl and Uiltec Uil. ” Valentino was contacted for comment prior to publication.

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Bonuses Medical Salary Employee Benefits 59

Patriot Software

MAY 23, 2022

But, how you pay out referral bonuses depends on your policy. Found the best new hire thanks to an employee referral? Next on the agenda is paying out the referral bonus to the referring employee. And before you cut that check (or click that button for direct deposit), you need to know the answer […] READ MORE.

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Bonuses Payroll 92

Employee Benefit News

DECEMBER 19, 2023

Wall Street's dramatic year of dealmaking drought, collapsing banks and job cuts is ending without increased bonuses for traders.

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Bonuses Banking 63