With the goodwill during the festive period, Christmas is a common time of the year for employers to reward their staff with an annual bonus scheme. But with bonuses making up one of the elements reported on the gender pay gap report, how confident are you that your bonus scheme is fair and non-discriminatory?
When putting together your bonus policy we recommend these top tips to ensure your scheme is fair for all employees…
- Consider rules on splitting profit share bonuses. Consider the impact of part time workers and those on statutory absence. Is your bonus scheme fair?
- Consider bonuses for all employees not just sales and management. A successful business is built on the success of the whole team. Does your reward scheme reflect this?
- Analyse the data. Don’t just generate your gender pay gap report. Review the data and look for reasons behind the statistics.