United Kingdom - Record bonus pay - September 30, 2016

An article from the Office for National Statistics examines total bonus payments received across the whole economy in the financial year ending 2016 (April 2015 to March 2016) with analyses presented by month paid, by sector and industry. In this period, the combined value of all bonuses paid was a record £44.3 billion, surpassing the previous highest amount seen in the financial year ending 2008 and 4.4% higher than in the financial year ending 2015. Bonuses as a percentage of total pay were 6.0% overall in the financial year ending 2016, a small increase on the previous year, but still well below the financial year ending 2008 peak of 7.1%. Financial and insurance activities industries paid the highest average bonus per employee, at £13,400, while health and social work sectors paid the lowest average bonus per employee at close to zero.

English: https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork …  

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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