Williams HR Law LLP

Canadian HR Reporter: Bonus plans: one size doesn't fit all

March 19, 2024

Joel Smith recently provided insights regarding discretionary and non-discretionary compensation plans. See an excerpt below:

Bonus plans: one size doesn’t fit all

‘A once-a-year bonus cheque isn’t cutting it anymore,’ says lawyer, covering legal considerations for HR

HSBC Holdings is planning to introduce a “target pay variable” scheme for junior staff members who previously did not have specific bonus targets.

Read more via Canadian HR Reporter.