What: John Lewis might scrap for the second time in 70 years the annual bonus due to a complicated economic context.

Why it is important: Retail companies are struggling to attract new and younger talents. The economic pressure on them might increase those difficulties, which might in turn fuel even more their lack of attractivity.

The chairwoman of the John Lewis partnership, Dame Sharon White, has recently warned that the cost of living crisis could affect workers’ pay, and especially their annual bonuses (John Lewis works as a cooperative and employs 80,000 workers, or partners).

The payment of bonuses was already suspended in 2020 for the first time in 70 years, before resuming in 2021 with a 3% bonus (the equivalent of one and a half week’s pay).

John Lewis might not pay bonuses this year