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Release: Average Weekly Earnings, Bonus Payments in Great Britain, 2013/2014

Released: 29 August 2014

Contact

Catherine Healey

Short-Term Earnings

catherine.healey@ons.gsi.gov.uk

Telephone: +44 (0)1633 456786

Categories: Labour Market, People in Work, Earnings

Frequency of release: Annually

Language: English

Geographical coverage: GB

Geographical breakdown: GB

Survey name(s): Monthly Wages and Salaries Survey

  • In the year to April 2014, bonuses paid in the whole economy were £40.5 billion - up 4.9% on the previous year. Bonuses paid by the finance and insurance industry were £14.4 billion and the rest of the economy were £26.1 billion - increases of 2.9% and 6.1% respectively.

  • Bonuses as a percentage of total pay are the highest since before the economic downturn, at 6.0% for the whole economy in the year to April 2014.

  • The average bonus received per employee up 2.6% on the previous year at just over £1,500.

  • The finance and insurance and wholesale industries were the largest contributors to bonus growth.

Average Weekly Earnings (AWE) is the key National Statistics indicator of short-term earnings growth, which provides monthly estimates of the level of average weekly earnings per employee. AWE became the lead measure in January 2010, taking over from the Average Earnings Index (AEI).

These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.

Content from the Office for National Statistics.
© Crown Copyright applies unless otherwise stated.