Monday Myth Buster – Christmas bonus

Question: We have had a bumper year this year and we want to give our employees £500 as a Christmas bonus 🤩, but we don’t have to do this every year, do we?

Answer: It depends ………..! First of all congratulations that your business has done so well this year, and on your decision to reward your staff with a Christmas bonus. We are sure they will be very pleased!

However, if this is the first year you have rewarded your staff with a bonus you will not be required to replicate again next year, unless you want to. If however, you have made similar payments at Christmas in the past it may well now be an “implied” contractual entitlement.

What does this mean for you? It means that you will have to continue to give the benefit year on year if you have done so in the past. If you wish this year’s bonus to be a one off event then you need to say so to ensure that in future years you are not making it a contractual entitlement.

Happy Christmas to all our clients and readers 🎄

#teamsekoya #Christmas #BonusTime

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest

Registered Address:

Unit C1 Apollo Court,
Neptune Park,
Cattedown,
Plymouth,
Devon,
PL4 0SJ

Call Us On:

Truro: 01872 306100

Plymouth: 01752 969100

Exeter: 01392 692101

Bristol: 0117 403 4399

© Sekoya | All rights Reserved | Company registered in England and Wales with Company Number 08354387

Web Design by Penton Creative Ltd