Monday, November 20, 2017

Asda employees set for £17m Christmas bonus

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Employees at supermarket chain Asda are to receive a ‘Festive Thank You‘ package from the retailer in recognition of their efforts over 2011, it was announced today.

The package, which totals £17 million, will include a £20 Asda gift voucher, free festive meal and £5 towards a Christmas party.

On top of this, colleagues will be awarded a 20 per cent discount in stores, double that of the usual ten per cent saving, on two specific “double discount” days.

Clothing, toys, fragrances and Christmas items will all be available as part of the spree.

Earlier this month, the retailer announced strong results for its third quarter, despite a 1.3 per cent drop in total footfall, as sales excluding fuel and VAT grew 1.3 per cent on a like-for-like basis in the three months ending September 30th 2011.

Average spend in store rose 2.6 per cent year-on-year.

Reward-related investment has also had a strong year at the grocer, with the ‘Festive Thank You‘ topping off a 12 months that has seen employees benefit from over £90 million in bonuses and perks.

Colleagues shared rewards totalling £49 million when a three-year Walmart Sharesave scheme matured in June, while a further £26.9 million was dished out in February, following unexpected positive sales.

Hayley Tatum, People Director at Asda, added that the chain will also reward employees through a ‘12 Days of Christmas‘ programme, where an exceptional customer service worker will be awarded an additional £10 gift voucher each day for a fortnight in the run-up to Christmas, while a ‘Team of the Week‘ will be given tea and mince pies in recognition for their efforts.

“At a time when we are all having to tighten our belts to cope with the increasing cost of living, we‘re proud to help by giving a proper thank you to our colleagues for their efforts,” she said.

“Our in-store and depot colleagues are without doubt the heroes of our business – working exceptionally hard, week-in week-out, to deliver the very best for our 18 million customers.”