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Released on: 26 August 2015 | Article
This article examines total bonus payments received across the whole economy of Great Britain in the financial year ending 2015 (April 2014 to March 2015) with analyses presented by month of pay, sector and industry. The industry level contribution to the change in whole economy bonus payments between the financial years ending 2014 (April 2013 to March 2014) and 2015 is also analysed, as is the average bonus payment per employee. A number of businesses that responded to the Monthly Wages and Salaries Survey (MWSS) reported that they paid their bonuses in March 2012 but in April 2013, and to a lesser extent, April 2014. This shift in bonus season was partly due to companies deferring bonus payments until after the change in tax rates at the beginning of the financial year ending 2014. Thus, it is useful to examine bonuses paid in the period May to April to present a complete picture of how bonus payments changed on a like-for-like basis between this time period in 2013 to 2014 and 2014 to 2015. This article focuses on bonus payments paid during the financial year ending 2015; however payments made during the period May 2014 to April 2015 are also analysed. All figures are derived from the Average Weekly Earnings (AWE) dataset, part of the Labour Market Statistics release.
