UK - Supermarket giant Asda is dividing up £15m in annual bonuses among 100,000 employees nationwide.
The firm said it was rewarding its staff after achieving continued outperformance over the last four years which had established it as Britain’s second biggest supermarket.
Asda – which joined parent company WalMart’s All-Colleague Bonus Scheme in 2000 – will distribute an average of £228.73 per worker.
Staff who receive a 100% bonus will take home an extra £250 but workers who outperform their store targets will receive up to 120% of their annual bonus – a payout of up to £300. The bonuses bring the supermarket’s total payouts to almost £50m over the four years since joining the benefit scheme.
The All-Colleague Bonus Scheme is part of a package of benefits which has put Asda in the top 10 of the Sunday Times Best Companies to Work for list for the last three years.
Employees are also offered access to a sharesave scheme and free shares through Colleague Share Ownership Plan (CSOP).
Chief executive officer Tony DeNunzio said: “The success and scale of the Asda bonus scheme has kept pace with the company’s performance over the last four years.”
DeNunzio added: “Last year Asda became Britain’s second biggest supermarket thanks to the dedication and hard work of our colleagues.
“We think the best way to celebrate our success is to share it with all the colleagues who helped make it happen.”
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