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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.
The job evaluation scheme of the NHS, Agenda for Change, was confirmed as unreliable in providing evidence of a job's previous value, it has emerged.
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High-street retailer Marks & Spencer (M&S) is planning to cut redundancy benefits for 60,000 staff, with the possibility of up to 25 per cent being wiped from the maximum claim, it has emerged.
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Pension credit rises will be wiped out by inflation, resulting in two million pensioners losing up to £100 this year, it has been claimed.
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