This article examines total bonus payments received across the whole economy in 2015/16 with analysis presented by month of pay, sector and industry. The industry level contribution to the change in whole economy bonus payments between 2014/15 and 2015/16 is also analysed, as is the average bonus payment per employee.
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Average weekly earnings, bonus payments in Great Britain: financial year ending 2016
Average Weekly Earnings (AWE) is the key National Statistics indicator of short-term earnings growth, which provides monthly estimates of the level of average weekly earnings per employee.
The United Kingdom Statistics Authority has designated these statistics as National Statistics, in accordance with the Statistics and Registration Service Act 2007 and signifying compliance with the Code of Practice for Official Statistics.
Designation can be broadly interpreted to mean that the statistics:
- meet identified user needs
- are well explained and readily accessible
- are produced according to sound methods
- are managed impartially and objectively in the public interest
Once statistics have been designated as National Statistics it is a statutory requirement that the Code of Practice shall continue to be observed.