Bonuses not bright for UK employees
Research by provider of on-demand talent management solutions Taleo has found that, despite having weathered the worst of the recession, most workers do not expect to receive a bonus this year.
Research by provider of on-demand talent management solutions Taleo has found that, despite having weathered the worst of the recession, most workers do not expect to receive a bonus this year.
In a survey of UK employees, Taleo found that just 39% of respondents are expecting to receive an end-of-year bonus. Although this indicates that bonuses will be slightly more common than last year, when just 34% of respondents received a bonus of any kind, the research suggests that those receiving a bonus this year will still be in the minority.
The survey also found that most businesses do not align corporate success with individual success when reviewing rewards. Just 19% of respondents stated that their employer calculates bonuses using personal performance targets linked to business goals.
Instead, most bonus calculations (51%) are based either on the general success of the business (21%) or on individual success (30%). Worse yet, one fifth of employees do not know how bonuses are calculated at their company.
