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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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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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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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

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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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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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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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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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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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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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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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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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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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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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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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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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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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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Employee Benefits

MARCH 16, 2023

Retailer John Lewis has announced that it will not be giving its employees a bonus for this year, after reporting a £234 million loss. The bonus is its annual share-out of profits, and all staff receive it as a percentage of their salary. The 2021/22 bonus was worth 3% of employees’ pay.

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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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Employee Benefits

NOVEMBER 23, 2022

Global law firm Baker McKenzie is to pay its US associates end-of-year bonuses of up to $115,000 (£96,530) depending on seniority. The bonuses will start at $20,000 (£16,788) for those in the class of 2021 and increase up to $115,000 for its most senior associates. All fee earners are also eligible to receive a discretionary bonus.

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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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Employee Benefits

JANUARY 10, 2023

At the end of November 2022, Employee Benefits reported that 47% of businesses planned to provide staff with year-end bonuses for Christmas 2022. At the end of November 2022, Employee Benefits reported that 47% of businesses planned to provide staff with year-end bonuses for Christmas 2022. Conversely, 22.2% Meanwhile, 32.5%

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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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HR Digest

MARCH 7, 2020

. Bonuses are a way to show appreciation of an employee’s effort or performing a task beyond and above the call of duty. Unfortunately, these bonuses aren’t for everyone, like clerical or hourly workers,” Abosch says. per cent in 2019. . Beyond the yearly bonus, we have the-- . . Profit-sharing bonus . Gain Sharing.

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Employee Benefits

FEBRUARY 23, 2023

Book publishing business HarperCollins has reached an agreement with its US union, that includes a pay increase and bonus for employees. Nearly 250 members of staff, who are part of the union, have been on strike since 10 November 2022 over the terms of their contracts. Once ratified, the contract will extend through 31 December 2025.”

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Employee Benefits

DECEMBER 9, 2022

Declan Queally, a horse trainer in Ireland, was fined €4,000 (£3449.24) following an inspection of his stable yard and business, which found he had failed to pay necessary bonuses to staff under the Stable Employee Bonus Scheme. The post Horse trainer fined €4,000 for failure to pay bonuses to staff appeared first on Employee Benefits.

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Empuls

SEPTEMBER 28, 2023

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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Achievers

MAY 26, 2015

Do you give your employees big annual bonuses as a reward for their work? If bonuses are going to serve as an incentive, you need to provide employees with clear metrics and objectives so that they understand exactly what they need to accomplish to earn the bonus. Most bonuses, however, only come 1-4 times per year.

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Darwinbox

FEBRUARY 7, 2022

Employee bonuses are the most intuitive and quick way to show appreciation for work and reward employees for their efforts. According to the size, net worth, culture, and policies of the business, bonuses can be designed to help raise the office morale and push every employee to strive and become the best versions of themselves.

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Employee Benefits

JANUARY 27, 2022

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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Employee Benefits

JANUARY 7, 2022

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. The Merseyside-headquartered business said employees will get the bonus payment this month (January) following “strong” trading over Christmas.

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HR Digest

DECEMBER 12, 2018

As the festive holidays unfold, the issue of Christmas bonuses becomes a subject that confuses most people. Employers that can afford to pay Christmas bonuses may use them to encourage their employees. Christmas bonuses help to improve staff morale by allowing them to have a little more to spend during this time of the year.

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HR Digest

JANUARY 2, 2019

Dear Jane, I work in an industry where bonuses are common. My prior law firm handed two bonuses a year; one in June and the other in December. Giving out year-end bonuses or gifts is a generous gesture on the part of an employer. End-of-the-year bonuses are truly discretionary. No Christmas bonus.

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Vantage Circle

DECEMBER 16, 2020

Thankfully, there are many types of employee bonuses that you can choose from to meet your requirements. It is one of the most common and effective ways to give bonuses to your workforce. This system of bonuses works best in manufacturing sectors wherein more output means more money. Gain or Profit Sharing. Spot Bonus.

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Employee Benefits

DECEMBER 12, 2022

Last month, Employee Benefits reported that 47% of businesses said they planned to provide staff with year-end bonuses for Christmas 2022, while 81% planned to host a party to mark the festive season and reward employees, according to research by Just Eat for Business. Christmas party. Christmas bonus. Neither. Δ

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HR Digest

NOVEMBER 27, 2020

A holiday bonus to squash unionization… The latest announcement of holiday bonuses comes as Amazon faces backlash over doling out $3,000 as a signing bonus to new hires while only offering $15-$30 Thanksgiving turkey vouchers to long-time employees. Retail giants Walmart and Target have also paid holiday bonuses to their workers.

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