Asda is set to reward its staff with a record £49m payout as part of the retailer’s Sharesave scheme.
The tax-free bonus will be shared among 14,700 employees taking part in the savings plan, which is linked to the share price of parent company Walmart .
The scheme allows participating staff members to save between £5 and £250 each month. After three years their cash can be exchanged for discounted Asda shares .
Last year, Asda rewarded its workers with a then record £47m cash pot for helping the company meet its targets.
“This is the third consecutive year that our colleagues have enjoyed a record Sharesave payout,” said Sarah Dickins, people operations and policy director at the supermarket giant.
“Our colleagues drive the long-term success of our business; with a 70 per cent increase on the money they invested for this year’s payout I am delighted that so many of our colleagues are reaping the rewards of their hard work.”
