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Bonuses and Incentive Schemes

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What is a Bonus?

Bonuses are payments that you get in addition to your regular pay. They are usually linked to your personal performance, your team’s performance or the organisations overall performance.   Bonus and incentive schemes can be discretionary or contractual. A discretionary bonus scheme will give you the right to be considered for a bonus or incentive payment but it doesn’t mean that you will automatically receive one. Your entitlement to a bonus should be stated in your written statement of employment particulars.

If your right to a bonus is not written down, it can be implied if it has previously been

Last Updated: [11/09/2021]