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first_img Comments are closed. Marks& Spencer has hit back at criticisms of its new pay deal for staff, whichremoves the annual Christmas bonus and double-time payments for Sundays.Theretailer came under fire for axeing the bonuses of 55,000 sales staff, afterits pre-tax profits grew by 11.5 per cent to £721.3m.However,head of people proposition at M&S Denise Keating (above), said staff wouldnot lose out, as bonuses had been added to the hourly rate of pay instead.”Ourbasic salaries looked low because we paid a bonus once a year at Christmas. Nowwe will be paying the same amount in 12 installments, instead of as a lumpsum,” she said.Themove was part of a pay review, which saw staff get a 3 per cent increase,bringing the hourly rate up from £4.68 to £4.82. New recruits will now receive£5.18 an hour with the bonus payments, but existing staff will stay on the samedeal until the end of the year.Inaddition, workers will also receive an extra two days annual leave after twoyears’ service. Related posts:No related photos. Previous Article Next Article M&S defends its new inclusive salary structureOn 27 May 2003 in Personnel Todaylast_img read more

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