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Thursday 25th January, 2007
ASDA COLLEAGUES POCKET A £15 MILLION BONUS

Seven years with Wal-Mart delivers £85m worth of windfalls for store & depot colleagues

Today, ASDA heralded a successful end to the 2006 financial year by giving 123,000 store and depot colleagues a share of £15 million worth of annual performance-related bonus.   

The bonus payments will be paid in colleagues’ February pay packet and will be shared by all colleagues with more than six months’ service working in ASDA’s 335 stores and 24 depots throughout the UK and Northern Ireland.   

The annual performance-related bonus scheme was introduced in 2000 after ASDA became part of Wal-Mart and, over the first seven years of the scheme, it has paid store and depot colleagues more than £85 million in bonus payments.   

The success and scale of the ASDA bonus scheme mirrors the performance of Britain’s second biggest supermarket, which has gained more than a million new customers in the last year, has once again been named Britain’s best value supermarket winning The Grocer 33 for the ninth year running and had a successful Christmas, exceeding expectations, with a record trading day on 22nd December 2006. 

Increasing customer numbers, the re-invigoration of ASDA’s food business with better quality produce, more premium and organic ranges and the widest choice of local products have all helped boost the supermarket’s sales performance and deliver a bonus for its colleagues.   

Whilst the average bonus payout for a full-time store colleague this year is £174, many are in line for much more.   

More than 40,000 colleagues from 89 stores and depots across the UK have either hit or out-performed their targets, which means they’ll pocket between 100 and 120 per cent of their annual bonus entitlement.  That’s a payout of between £300 and £360 for every full-time colleague working in those stores and depots.    

"It’s the hard work and enthusiasm of our colleagues that has made the business such a success this year and helped us win over so many new customers," said Andy Bond, ASDA’s chief executive.  "It’s great to be able to share the rewards with them." 

Jude Brimble, GMB national officer for GMB members in ASDA’s stores and depots throughout England, Scotland and Wales said: "GMB members in ASDA will welcome the fact that this year workers in all the stores and all the depots will get a share of the bonus."

Notes for Editors

This press release is under embargo until 00.01 on Friday 25th January 2007 

 

About ASDA

  • ASDA has 316 stores, 24 depots, 12 George stores and 7 ASDA Living stores across the UK and Northern Ireland  

ASDA All-Colleague Bonus

  • All colleagues working in ASDA’s stores and depots with more than six months’ service can earn between 20 per cent and 120 per cent of their bonus entitlement, based on how they perform against their targets
  • This year, every store and depot qualifies for a minimum 20 per cent bonus payout, as the company’s performance has hit the trigger point for a payout to all colleagues
  • This year, 258 stores and depots have achieved up to 100 per cent bonus and 89 stores and depots have hit targets between 100 and 120 per cent – the Superbonus threshold 

Who Qualifies and For How Much?

  • Store colleagues qualify for the ASDA bonus scheme after six months service
  • Bonus payments are paid on a pro-rata basis.  Time off for all type of extended absence including: career breaks, extended holidays etc will affect the final amount paid
  • A colleague receiving 100 per cent bonus will receive a payout of £300
  • The Superbonus gives colleagues the opportunity to receive up to a maximum of £360 if their store or depot out-performs their targets by up to 20 per cent



 

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