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23-Apr-08 11:15 [Research]
Workers still expecting bonuses despite credit crunch Up to 84,000 workers in the UK expect to receive a bonus of £100,000 or more this year, despite the credit crunch, according to a new report.
Research from Investec Private Bank on employee rewards revealed that four out of ten employees in the UK expect to be handed a bonus of some kind this year even with the current uncertain economic climate.
Investec said: "In terms of how people intend to use their bonuses other than putting them into savings accounts, 27 per cent said that they would use it to go on a holiday and 22 per cent said that they would use it to clear debts."
The research, which was carried out in February, also revealed that 294,000 employees think that they will be picking up a bonus of between £50,000 and £100,000 at the end of this year.
Investec Private Bank has offices in London, the Channel Islands and Switzerland.
A report by the British Chambers of Commerce (BCC) has predicted a rise in unemployment of up to 300,000 over the next few months due to recession.
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An internet index for employment has revealed that online recruitment has continued its fall into July, it has been revealed.
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British workers have been encouraged to read during their breaks to develop a healthy mind, as opposed to smoking or similar activities, it has been revealed.
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