“We recommend that companies take a broader perspective when reviewing pay that considers business strategy, affordability, the socio-political, economic and regulatory climate, market pay data and, of course, general trading conditions.”
“If UK companies are to stay competitive, available resources need to be better allocated in order to attract, motivate and retain their best employees."
With workers being more likely to look for a new job in January than any other month of the year, December bonuses couldn’t be timed better for staff retention purposes.