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Disappointing bonuses could lead to claims March 2015 - Pay & Benefits Magazine

Disappointing bonuses could lead to claims March 2015 - Pay & Benefits Magazine

- 2 March 2015

Employees of banks and other financial institutions who are disappointed with bonus payments could litigate against their employers, an employment law firm has warned.

Jon Gilligan, Partner at GQ Employment Law, advised banks and hedge funds that they could leave themselves open to legal challenges if a bonus turned out to be substantially less than had previously been discussed.

He explained that such claims were often pursued in the employment tribunal as part of discrimination or whistleblowing cases because these do not have a cap on the amount of compensation that can be awarded and there is less risk of a claimant having to pay the employer’s costs if they do not win.

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