Do royal mail get a christmas bonus
Royal Mail, like many other UK companies, has a tradition of paying a Christmas bonus to its employees. However, the bonus is not mandatory and is subject to change from year to year.
In recent years, Royal Mail has paid a Christmas bonus to its employees, but the amount has varied. For example:
- In 2020, Royal Mail paid a one-off bonus of £500 to its employees, which was equivalent to 2 weeks' pay.
- In 2019, Royal Mail paid a bonus of £250 to its employees.
- In 2018, Royal Mail paid a bonus of £500 to its employees.
It's worth noting that the Christmas bonus is not guaranteed and is subject to the company's financial performance and other factors. Royal Mail has been facing significant challenges in recent years, including declining mail volumes and increased competition from private couriers.
In 2020, Royal Mail's parent company, Royal Mail Group, reported a pre-tax loss of £65 million, which was its first loss in over 20 years. As a result, the company may not be able to afford to pay a Christmas bonus to its employees in the future.
It's also worth noting that the Christmas bonus is not paid to all Royal Mail employees. The bonus is typically paid to employees who are eligible for the company's annual bonus scheme, which is based on individual and team performance.