Siobhán Lafferty is a Senior Associate in the employment law team in Byrne Wallace Shields LLP and has a range of experience in both contentious and non-contentious employment matters. She regularly advises both employer and employee clients on issues arising from the beginning to the end of the employment relationship, regularly representing clients before the Workplace Relations Commission and in High Court proceedings.
In the current market, employees are looking for more than just their basic salary in terms of compensation from their employers. This could be in the form of benefits like private health care, income protection, life assurance or it may come in the form of a bonus. While bonuses can be common and often aim to give employers the maximum amount of discretion, it is important to consider some of the common pitfalls in respect of bonuses.
Q: We offer a discretionary bonus scheme in our contract of employment. We don’t need to pay the employee a bonus under the scheme, do we?
A: It is far more common to see a bonus scheme referred to in a contract of
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