Barclays to give around 20,000 UK staff a 5.35% pay rise
Unite, which represents around 35,000 workers across the bank, said it marked a leading pay deal for the finance sector. Source link
All posts tagged: bonuses
Samsung’s non-chip union files injunction in bid to stop vote on bonuses, media reports
SEOUL, May 26 : A Samsung Electronics’ union representing workers in non-semiconductor divisions has filed an injunction with a South Korean court in a bid to stop an ongoing vote by workers in its semiconductor division on a bonus increase, Newsis reported on Tuesday. The union comprises about 13,000 workers from the smartphones, television and home appliances divisions, the news agency said. The non-chip union took the action after being told it had no right to join the vote by unionised workers in the semiconductor division, Newsis said, citing a union representative. Around 57,000 workers at Samsung began voting on Friday on a pay deal that would ensure large bonuses for memory chip workers to avert a planned 18-day strike. Source link
Apple Gives iPhone Designers Bonuses Up to $400K to Counter OpenAI Poaching
Apple gave its iPhone Product Design team bonuses worth “several hundred thousand dollars” in an effort to keep them from being poached by other companies, reports Bloomberg. The bonuses were provided as restricted stock units (RSUs) that will vest over a four-year period. Hardware designers given bonuses will need to stay with Apple to get the full value of the stock award, which can range from $200,000 to $400,000 or even more depending on how Apple stock does over the next several years. Apple executives are concerned with the number of engineers the company has been losing to rivals like OpenAI. Several former Apple designers are now working on hardware products at OpenAI, including former Apple design chief Jony Ive. OpenAI has been recruiting Apple engineers that worked on the iPhone, iPad, Apple Watch, and Vision Pro, and it has hired over 40 former Apple employees. In 2021 and 2022, Apple also handed out stock bonuses to engineers in silicon design, hardware, software, and operations to thwart poaching and increase employee retention. Popular Stories iOS …
Government Handing Out Cash Bonuses to Drug Researchers Who Rush Through Regulatory Approvals
Sign up to see the future, today Can’t-miss innovations from the bleeding edge of science and tech Not even a year after the US Food and Drug Administration announced it was using generative AI to speed up the drug review process, the agency has another bold announcement: employees who make quick work of their assignments will be handsomely rewarded for their dedication. According to the Associated Press, FDA commissioner Marty Makary recently unveiled a new “pilot program” involving cash bonuses for drug reviewers who complete their work ahead of schedule. The reward for fast regulatory work will come in the form of a quarterly bonus, to be paid out to FDA staffers starting in August. Per the AP, payment amounts will be based on vague “weighted time savings,” as well as “work quality and work complexity.” “My job as your commissioner is to be your advocate and to fight for you,” Makary told drug reviewers in a presentation viewed by the AP. “If you don’t like it, we can get rid of it, but usually …
HSBC Encouraging Departures By Offering “Little To Zero” Bonuses For Underperformers
HSBC is preparing to award little or no bonuses to some bankers as it adopts a tougher, performance-driven pay model similar to its US rivals, according to Bloomberg. Underperforming staff in investment banking and wealth management — including some managing directors — may be encouraged to leave after bonuses are paid in the coming weeks, according to people familiar with the matter. Final decisions have not yet been made. The move reflects the strategy of CEO Georges Elhedery, who has pushed to align HSBC’s compensation practices with those of Wall Street firms. Since taking over in late 2024, he has led a major restructuring, shutting down much of the bank’s US and European deals and equity underwriting operations and merging commercial and investment banking. Several senior executives have exited as part of the overhaul. According to Bloomberg, HSBC said it remains committed to rewarding employees competitively, with pay linked closely to performance. The bank’s 2024 bonus pool remained flat at $3.8 billion, defying an industry trend toward higher payouts. Some staff, particularly in corporate and …
Mandelson ‘told Epstein he was trying to change bankers’ bonuses tax policy’
Emails appear to show a discussion in 2009 between paedophile financier Jeffrey Epstein and Lord Mandelson as they discuss a tax on bankers’ bonuses. Source link
GTA Online Double Money this week: Full list of bonuses and discounts
Another week means another GTA Online weekly update. Of course, beyond all the new content and bug fixes, that means plenty of bonuses and discounts like Double Money. With each week, Rockstar adds some new bonuses and discounts to the game to keep things fresh, and we certainly need it with so long to go until GTA 6. If you’re looking to mix things up, be sure to check out our GTA 5 cheats and mods pages too, or switch things up with GTA 4, San Andreas or even RDR1 and RDR2. But for now, we’ll take you through the full list of bonuses and discounts for GTA Online between 29th January and 5th February. GTA Online Double Money this week: Full list of bonuses and discounts As ever, this week’s GTA Online update delivers a whole new raft of bonuses and discounts, including Double Money and RP. To make things easier, we’ve split the lists of bonuses and discounts into two sections: Bonuses Double Money and RP New Odd Jobs Firefighter Forklift Operator Paper …
Ben Affleck and Matt Damon give new film’s 1,200 crew members back-end bonuses
Get the latest entertainment news, reviews and star-studded interviews with our Independent Culture email Get the latest entertainment news with our free Culture newsletter Get the latest entertainment news with our free Culture newsletter Ben Affleck and Matt Damon know that a collaborative on-set environment is key to motivating all those involved, which is why they brought back an old-school back-end bonus model for the 1,200 crew members working on their new movie, The Rip. Directed by Joe Carnahan, the crime thriller, out Friday on Netflix, will see the famous duo reunite on screen as Miami cops who become distrustful of those around them after discovering a stash of millions in cash. The longtime friends and collaborators also produced the movie through their production company Artists Equity. During a recent joint appearance on The Tonight Show Starring Jimmy Fallon, Affleck, 53, and Damon, 55, explained how they implemented their company’s main objective of profit-sharing to pay the movie’s crew members. “Netflix is obviously a streaming platform, business is obviously changing, there’s been a lot going …