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In 2009, 27 staff got over €55,000 between them in bonuses while in 2010 another 52 staff getting what is known as "seniority allowances" worth over €115,000.
Barclays, for instance, is working on new "seniority" allowances, paid monthly in cash, which will not count as part of salary and will, therefore, not be taken into account when the restricted bonuses are introduced.
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Indeed, in the current wage round, large electronics companies such as Hitachi and Matsushita are trying to introduce wage scales that make hardly any allowance for seniority.But the convention clings on in continental Europe too.
The civil-service unions took against him from the start: a badge of virtue, if ever there was one.The problem is that the EU's civil service, indispensable as it may be, has built up far too generous an array of allowances and privileges over the past 30 years; and its pay policy rewards seniority far more reliably than it does merit.
At the heart of it is curbing overtime and bonuses and other allowances which have become embedded and conceal real differences in what people of similar seniority do.
The reported bonuses were categorized as regular or annual, for example, seniority bonus versus end-of-year bonus, and as fixed versus variable, for example, holiday allowance versus bonus from profits.
Seniority reigned.
Take his seniority.
Seniority has its perks.
"And Kato has seniority".
My seniority also helps.
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