Savills’ employees share £111m in profit share and commission

Employees at property agency Savills shared £111 million in profit share and commission payments in 2011.

This is the first payout through the firm’s performance share plan, which replaced its previous executive share plan in May 2011.

Awards under the performance share plan are made on a discretionary basis, to executive directors, group executive board members and other senior executives.

A spokesperson for Savills said: “The figure is profit share and commission, and accounts at £111.1 million.

“We do not refer to it as a bonus pool because we do not regard commission as a bonus. The figure is the entirety of our variable performance-related remuneration.”

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