Recent statistics support the view that bonuses are now an integral part of any reward package, rather than an additional extra. A report from the Office for National Statistics showed a 16% jump in bonus payments to £19bn, the majority of which is paid to those in the financial services industry, particularly in the City of London. Pricewaterhouse-Coopers also stated in a recent report that fewer executives at FTSE 100 companies now went without a bonus.
Faced with the size of bonuses and the increasing number of court cases shadowing them, in-house legal counsel could be forgiven for feeling a little anxiety over the issue.
