Staff share in bigger profits
STAFF at John Lewis and Waitrose in Exeter are looking forward to receiving an annual bonus of 17 per cent of their salary – equivalent to nearly nine weeks' pay.
This year's bonus figure was announced to excited employees as the John Lewis Partnership reported a profit before partnership bonus and tax of £409.6m, up 15.8 per cent on last year. Of that, £210.8m is being shared out to employees – known as partners. Last year they received a bonus of 14 per cent of salary. Waitrose reported a 6.7 per cent rise in gross sales, to £5.76bn, during the year to January 26. John Lewis saw gross sales up 13.5 per cent to £3.78bn.
Section manager Kit Washington has worked for John Lewis for five years and recently returned to his home city of Exeter to work in the new shop. This year he will be spending his bonus on a new road bike as he prepares to embark on a number of organised rides for charity.
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