John Lewis staff to get bonus of nine weeks wages (From Daily Echo)
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Partnership staff get 17 per cent bonus
9:55am Thursday 7th March 2013 in News
John Lewis staff to get 17 per cent bonus
STAFF at John Lewis and Waitrose across Hampshire are set to receive a massive bonus worth more than two months salary after a huge surge in annual profits.
John Lewis and Waitrose staff will receive bonuses worth 17 per cent of salary after the group shrugged off tough high street conditions to report a 15.8 per cent surge in annual profits.
The John Lewis Partnership said its 84,700 employees would receive the equivalent of nearly nine weeks' pay after increasing its total bonus pot to £210.8 million.
The firm employs 822 at its flagship store in WestQuay in Southampton and dozens of others at its stores in Portswood, in Southampton, Chandlers Ford, Romsey, Hythe and Lymington.
Each worker - from weekend check-out assistants to chairman Charlie Mayfield - receives the same percentage of salary as a bonus.
The employee-owned firm unveiled the haul after reporting pre-tax, pre-bonus profits of £409.6 million for the 12 months to January 26 and said the current year had started well, with like-for-like sales up 13.7 per cent at its department store chain.
Comments(23)
Forest Resident
says...
10:26am Thu 7 Mar 13
sotonwinch09
says...
10:33am Thu 7 Mar 13
derek james wrote:That's the idea. Keeps the riff raff in Tescos.
way overpriced
-stiv-
says...
10:35am Thu 7 Mar 13
This is how you maintain an effective and highly motivated workforce.
It's funny that when you strip away workers rights and pay them a pittance that you end up with morale problems, absences and high staff turnover. Perhaps every organisation relying on bussed in agency labour could look to John Lewis.
But it's all about the bottom line in the short term. Never mind the long term. There's no savings from giving people a sense of belonging and self worth.
Tenderhearts wife
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11:02am Thu 7 Mar 13
good on them.
Tenderhearts wife
says...
11:03am Thu 7 Mar 13
good on them.
The Music Man
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11:28am Thu 7 Mar 13
Totton Ric
says...
11:36am Thu 7 Mar 13
10 Minute Man
says...
11:44am Thu 7 Mar 13
Totton Ric wrote:Disagree, this is the type of profit-sharing approach to business which more should aspire to.
Echo, Thanks for that !!!!, whilst a majority of the country have trouble making ends meet, like myself & others I have more than one job to just keep are heads above water & had no pay rise in 4 years, this story has no interest to me at all & maybe it shouldn’t of even made the headlines !
Instead of being indentured slaves and the culture of being grateful to have a job, this organisation shows that treating employees with respect and sharing the benefits of their labours is not anti-competitive or some terrible flavour of socialism which will ruin our "glorious standard of living".
minnie64
says...
12:11pm Thu 7 Mar 13
10 Minute Man wrote:I am pleased for them but giving that much is not right - I am the one that has popped in there to grab bread, milk etc and they have put the price up !!! Therefore I am struggling to pay for food to pay the staff their bonuses!!!!! Stinks a bit.
Totton Ric wrote: Echo, Thanks for that !!!!, whilst a majority of the country have trouble making ends meet, like myself & others I have more than one job to just keep are heads above water & had no pay rise in 4 years, this story has no interest to me at all & maybe it shouldn’t of even made the headlines !Disagree, this is the type of profit-sharing approach to business which more should aspire to. Instead of being indentured slaves and the culture of being grateful to have a job, this organisation shows that treating employees with respect and sharing the benefits of their labours is not anti-competitive or some terrible flavour of socialism which will ruin our "glorious standard of living".
10 Minute Man
says...
12:20pm Thu 7 Mar 13
minnie64 wrote:Luckily though you have a choice about where you shop so you can go where you afford. I shop in a mix of Aldi, Lidl, 99p, Asda, Sainsburys, and Waitrose choosing on price:quality ratio as well as what I can afford.
10 Minute Man wrote:I am pleased for them but giving that much is not right - I am the one that has popped in there to grab bread, milk etc and they have put the price up !!! Therefore I am struggling to pay for food to pay the staff their bonuses!!!!! Stinks a bit.
Totton Ric wrote: Echo, Thanks for that !!!!, whilst a majority of the country have trouble making ends meet, like myself & others I have more than one job to just keep are heads above water & had no pay rise in 4 years, this story has no interest to me at all & maybe it shouldn’t of even made the headlines !Disagree, this is the type of profit-sharing approach to business which more should aspire to. Instead of being indentured slaves and the culture of being grateful to have a job, this organisation shows that treating employees with respect and sharing the benefits of their labours is not anti-competitive or some terrible flavour of socialism which will ruin our "glorious standard of living".
I want people to paid for work not the slavery of IDS and Workfare "retail training" where free labour replaces paid jobs.
sotonwinch09
says...
12:23pm Thu 7 Mar 13
Totton Ric wrote:If you are not happy with your current job then quit and get a new one. Maybe apply for Waitrose of John Lewis
Echo, Thanks for that !!!!, whilst a majority of the country have trouble making ends meet, like myself & others I have more than one job to just keep are heads above water & had no pay rise in 4 years, this story has no interest to me at all & maybe it shouldn’t of even made the headlines !
minnie64
says...
12:26pm Thu 7 Mar 13
10 Minute Man wrote:I am all for a fair wage - they wouldnt have the profits if it were not for the consumer so instead of paying them 17%, which I think is far too much, that they pass some of that profit back to the customer !!!
minnie64 wrote:Luckily though you have a choice about where you shop so you can go where you afford. I shop in a mix of Aldi, Lidl, 99p, Asda, Sainsburys, and Waitrose choosing on price:quality ratio as well as what I can afford. I want people to paid for work not the slavery of IDS and Workfare "retail training" where free labour replaces paid jobs.10 Minute Man wrote:I am pleased for them but giving that much is not right - I am the one that has popped in there to grab bread, milk etc and they have put the price up !!! Therefore I am struggling to pay for food to pay the staff their bonuses!!!!! Stinks a bit.Totton Ric wrote: Echo, Thanks for that !!!!, whilst a majority of the country have trouble making ends meet, like myself & others I have more than one job to just keep are heads above water & had no pay rise in 4 years, this story has no interest to me at all & maybe it shouldn’t of even made the headlines !Disagree, this is the type of profit-sharing approach to business which more should aspire to. Instead of being indentured slaves and the culture of being grateful to have a job, this organisation shows that treating employees with respect and sharing the benefits of their labours is not anti-competitive or some terrible flavour of socialism which will ruin our "glorious standard of living".
I too try and shop at the most value for money places but there always comes a time that you just cant do that.
Subject48
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12:27pm Thu 7 Mar 13
jimbobbo
says...
12:33pm Thu 7 Mar 13
Totton Ric wrote:Change something in your life instead of putting your efforts into having a vendetta against those with more than you. This type of attitude will get you nowhere.
Echo, Thanks for that !!!!, whilst a majority of the country have trouble making ends meet, like myself & others I have more than one job to just keep are heads above water & had no pay rise in 4 years, this story has no interest to me at all & maybe it shouldn’t of even made the headlines !
Outside of the Box
says...
12:54pm Thu 7 Mar 13
derek james
says...
1:13pm Thu 7 Mar 13
The Music Man wrote:i saw an item in pastimes (west quay) for £11.99 last year, an identical item was £22 in john lewis
I always found JL to be very competitive - and they always run a price guarantee. It's a bit of a myth that they're overpriced
Harry Bong
says...
1:29pm Thu 7 Mar 13
derek james wrote:And if it was identical they would have price matched for you.
The Music Man wrote:i saw an item in pastimes (west quay) for £11.99 last year, an identical item was £22 in john lewis
I always found JL to be very competitive - and they always run a price guarantee. It's a bit of a myth that they're overpriced
rhubarbrhubarb
says...
3:06pm Thu 7 Mar 13
Tie all that with a happy & motivated workforce and it's a win win.
Other multi's could do worse than take a look at the way JL plies it's trade.
sparkster
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4:28pm Thu 7 Mar 13
Totton Ric
says...
6:40pm Thu 7 Mar 13
sotonwinch09 wrote:Lol & what tree do these come from
Totton Ric wrote: Echo, Thanks for that !!!!, whilst a majority of the country have trouble making ends meet, like myself & others I have more than one job to just keep are heads above water & had no pay rise in 4 years, this story has no interest to me at all & maybe it shouldn’t of even made the headlines !If you are not happy with your current job then quit and get a new one. Maybe apply for Waitrose of John Lewis
Totton Ric
says...
6:44pm Thu 7 Mar 13
jimbobbo wrote:Easier said than done, you must know me so please tell me what I should do then. Lol some of you have no idea what so ever, wake up Britain !
Totton Ric wrote: Echo, Thanks for that !!!!, whilst a majority of the country have trouble making ends meet, like myself & others I have more than one job to just keep are heads above water & had no pay rise in 4 years, this story has no interest to me at all & maybe it shouldn’t of even made the headlines !Change something in your life instead of putting your efforts into having a vendetta against those with more than you. This type of attitude will get you nowhere.
pollthom
says...
5:53pm Tue 12 Mar 13
derek james says...
10:19am Thu 7 Mar 13