For Ben Jones. No definite offer as yet, I have been told they want to stop the bonus and given a brief outline that their offer will be based on years service and past bonuses up to a maximum of £1500.00
For Ben Jones, I have been told it is calculated as:-
3.5% of the company nett profit is allocated to the bonus pot, based on the total salary (Thousands) of all employee that are eligible for the bonus. Pot divided by the total salary thousands figure gives a £/thousand value, each employees bonus would be the £/thousand multiplied by their salary?
Bonus pot of say £150000.00
Total Salary of eligible employees say £250000.00
£/Thousand = £150000.00/£250000.00 = £0.60
Say my salary is £30000.00 my bonus would be £0.60 * 30