With the first gender pay gap reporting figures, including bonuses, having to be reported by 4 April 2018 for organisations with 250 or more employees, latest ONS statistics show the value of all bonuses paid in Great Britain in 2016/7 was a record £46.4 billion. The figures show that bonuses grew by 6.5% on the 2015/6 financial year with the financial and insurance activities industry paying the highest average bonus per employee, at slightly under £14,770, while the health and social work industry paid the lowest average bonus per employee at close to zero. Bonuses as a percentage of total pay were 6.2%.
This update provides summary information and comment on the subject areas covered. Where employment tribunal and appellate court cases are reported, the information does not set out all of the facts, the legal arguments presented and the judgments made in every aspect of the case. Click on the links to access full details. If no link is provided, contact us for more information. Employment law is subject to constant change either by statute or by interpretation by the courts. While every care has been taken in compiling this information, SM&B cannot be held responsible for any errors or omissions. Specialist legal advice must be taken on any legal issues that may arise before embarking upon any formal course of action.
This provides summary information and comment on the subject areas covered. Where employment tribunal and appellate court cases are reported, the information does not set out all of the facts, the legal arguments presented and the judgments made in every aspect of the case. Employment law is subject to constant change either by statute or by interpretation by the courts. While every care has been taken in compiling this information, we cannot be held responsible for any errors or omissions. Specialist legal advice must be taken on any legal issues that may arise before embarking upon any formal course of action.
