Asda staff pocket £19m bonus

Payments from the annual performance-related bonus, introduced in 2000 after Asda became part of Wal-Mart, are set to average £264 per "colleague" this year.

This takes the total bonus paid to colleagues across the chain over the first five years to almost £70 million.

A colleague with a 100% bonus will take home an extra £300 in this week's pay packet but many will earn more. For the third year running, colleagues outperforming their store targets will receive up to 120% of their annual bonus -- that’ s a payout of up to £360 for every full-time colleague in the stores that hit the "Superbonus" threshold.

The all-colleague bonus scheme is part of a package of award-winning benefits that have put ASDA in the Sunday Times "Best Companies to Work for" list for the last four years. Colleagues can also watch their money grow through a sharesave scheme and collect free shares through the Colleague Share Ownership Plan (CSOP).

Asda's "all-colleague bonus"

All stores qualify for at least a 20% bonus payment. This year 139 stores achieved up to 100% bonus and 142 stores hit targets between 100% and 120% -- the Superbonus threshold
Store colleagues qualify for the bonus scheme after six months' service
Bonus payments are paid on a pro-rata basis. Time off for all types of extended absence, including career breaks, extended holidays etc, affects the final amount paid.

Want to know more?

Asda has 274 retail stores, 22 depots, six George stores and one Asda Living (food free supermarket) store across the UK. To read the press release online visit www.asda.co.uk

Posted 4 March 2005