New data released by the Office for National Statistics shows that bonus payments during the financial year April 2010 to March 2011 totalled £35 billon, with the private sector again responsible for the vast majority of these payments.
In total, 97 per cent of bonuses were paid out to workers in private sector companies, which includes sales recruitment organisations, despite only 78 per cent of UK staff being employed in the private sphere.
The ONS stated: "In the financial year 2010-11 the average private sector worker received £1,670 in bonuses, nearly ten times higher than the average public sector bonus of £180."
Earlier this month, Kevin Green, chief executive of the Recruitment and Employment Confederation, predicted that cuts being made to public sector workers' jobs will be absorbed by the private sector in the coming months.
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Posted by John Oak and Wayne Bly
Source: The Sales Director News