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  • 1,500+ Business Documents - Retention bonus letter
    Retention bonus letterA retention bonus is a payment offered as an incentive to keep a key employee in your employment during a particularly crucial business cycle. Our letter sets out the amount of the bonus and outlines when, and in what circumstances, it will be paid. Retention bonus definedA retention bonus is a one-off sum that you promise to pay to an employee to entice them to remain in your employment. There are various reasons why you would want to use such a bonus. The main one though is to retain...
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  • 1,500+ Business Documents - Long service awards policy
    Long service awards policyOur long service awards policy enables you to reward your staff for their loyalty and experience. Extra annual leave is always a popular reward amongst employees. However, you will need to show that your business needs justify any service criterion that's over five years.Age discriminationAny pay and benefits which are linked to length of service indirectly discriminate because of age - younger employees are likely to have fewer years' employment than older staff. However, the Equality...
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