Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 619

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 619
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Employee benefits The notes included in this section focus on the costs and commitments associated with employing our staff. 30 Staff costs

Accounting for staff costs

Deferred cash and share awards are made to employees to incentivise performance over the period employees provide services.

To receive an award, an individual must have provided service over the vesting period and been employed on the scheduled vesting

date or be considered an eligible leaver. The expense for deferred cash and share awards is recognised over the period employees’

services contribute to the awards. The Group considers it appropriate to recognise the expense over the vesting period including the

financial year prior to the grant date.

The accounting policies for share-based payments and pensions and other post-retirement benefits are included in Note 31 and

Note 32 respectively.

|                                                                                |  2024 |   2023 |  2022 |
|                                                                                |    £m |     £m |    £m |
| Incentive awards granted:                                                      |       |        |       |
| Current year bonus                                                             | 1,278 |  1,202 | 1,241 |
| Deferred bonus                                                                 |   636 |    543 |   549 |
| Total incentive awards granted                                                 | 1,914 |  1,745 | 1,790 |
| Reconciliation of incentive awards granted to income statement charge:         |       |        |       |
| Less: deferred bonuses granted but not charged in current year                 |  -452 |   -384 |  -388 |
| Add: current year charges for deferred bonuses from previous years             |   405 |    390 |   399 |
| Other differences between incentive awards granted and income statement charge |    -2 |     -1 |    35 |
| Income statement charge for performance costs                                  | 1,865 |  1,750 | 1,836 |
| Other income statement charges:                                                |       |        |       |
| Salaries                                                                       | 4,994 |  5,120 | 4,732 |
| Social security costs                                                          |   754 |    755 |   714 |
| Post-retirement benefits1                                                      |   558 |    539 |   563 |
| Other compensation costs                                                       |   587 |    555 |   504 |
| Total compensation costs2                                                      | 8,758 |  8,719 | 8,349 |
| Other resourcing