UK bankers and even the government should learn something from UK supermarket leader Tesco, who have announced that over 207,00 of it’s staff will be rewarded for the stores success this year, with a bonus payout of £98million being shared amongst workers who have been with the company for one year or more.
The bonus will be paid to all staff who fit the criteria, from checkout workers to store managers. The bonus is in the form of free shares to the value of 3.6% of salary – up to a limit of £3000.
The ‘Shares in Success‘ campaign is made available to both full and part time staff employed by Tesco. The shares will be held in a trust for five years after which time they can be sold tax free. A previous share bonus scheme worth £37million also matures today, benefiting around 66,000 workers.
Tesco set a new record for British retailers this year when they announced annual profits of over £3bn.
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