John Lewis Partnership 2016 bonus announced today

PUBLISHED: 05:58 10 March 2016 | UPDATED: 09:33 10 March 2016

John Lewis in Welwyn Garden City

John Lewis in Welwyn Garden City

Archant

John Lewis and Waitrose staff will today (Thursday) discover the annual bonus they will receive for the year.

John Lewis in Welwyn Garden CityJohn Lewis in Welwyn Garden City

The John Lewis Partnership will announce its annual results this morning (Thursday).

The company’s business model means that profits are distributed to employees, known as ‘partners’, rather than shareholders.

The John Lewis Partnership includes the John Lewis department store in Welwyn Garden City town centre, and the nearby Waitrose supermarket in Bridge Road.

Every March staff receive a percentage of their annual pay as a bonus.

Last year the annual payout was 11 per cent.

The figure is likely to fall this year.

Retail analysts speculate workers are in line for a bonus of between 9 per cent and 11 per cent, after a predicted drop in pre-tax profits.

In 2013, partners received 17 per cent of their annual salary, and in 2014 they were handed a bonus of 15 per cent.

Partners were handed a payout of 14 per cent of their salary in 2012, and in 2011 staff received a massive 18 per cent payout.

The exact amount will be announced to partners after 9am.

Related articles

Most Read

Most Read

Latest from the Welwyn Hatfield Times

Hot Jobs

Show Job Lists