Reward cuts | Argos boss slashed festive employee bonus

Argos boss slashed festive employee bonus

When the Christmas season rolls around it’s natural for employees to recieve some form of bonus or reward for their efforts over the past year. Not only that, by offering staff members small rewards, morale will improve among teams leaving employees feeling positive for when they return back to work in the New Year.

This is reflected in statistics released by Perkbox, who asked 600 UK-based employers to examine the levels of Christmas spirit alive in the workplace today. 71% of the businesses reward and recognise their employees, yet 29% have no programmes in place to encourage high performance.

And it seems for Argos workers their chances of a decent Christmas bonus have now been scuppered.

According to the Mirror, staff at the retail chain have had their Christmas bonus halved to just five pounds. Workers used to get ten pounds towards a seasonal party before the firm was taken over by Sainsbury’s - which is headed up by Mike Coupe.

Continue reading for FREE!

Sign up for a myGrapevine account to get:

  • Unlimited access to News content
  • The latest Features, Columns & Opinions
  • A full range of specialist HR newsletters to choose from

Welcome Back

Sign up for myGrapevine

* By creating an account you agree that you have read and agree to our Terms and Conditions and that Executive Grapevine International Ltd and its partners may contact you regarding relevant content and products. You will also be added to the HR Grapevine newsletter mailing list.