City Employers Risk Discretionary Bonuses Becoming an Employee Right

City employers looking to cut costs by reducing or eliminating discretionary bonuses could find that such bonuses have, in fact, become an employee's right, warns law firm Reynolds Porter Chamberlain (RPC).

According to RPC, discretionary bonuses which have been paid at a fixed rate over a number of years or which have been calculated at a fixed percentage of salary for all employees could have become so entrenched in company policy that they turn into a contractual obligation. This would le... (468 more words)

Member login

If you are a member of the Workplace Law
Network, please enter your details below

My email address
My password
Keep me logged in:
	I've forgotten my password

Protecting your data

We take data protection very seriously. We will never share your data with third parties. We process data in accordance with: the Data Protection Act 1998; the 11th edition of the British Code of Advertising, Sales Promotion and Marketing Practice; and the DMA Direct Marketing Code of Practice.