Santander announced that it is redesigning the bonus system for its staff, changing both the qualitative and quantitative aspects of the awards. The revision reflects Santander's response to competitive pressures for talent and may influence its cost structure and employee motivation in the near term. Who is involved: Santander Bank, its human‑resources leadership, and the broader employee base.. Likely next: Implementation of the new bonus framework, internal monitoring of employee response, and potential further tweaks based on business results.. Santander has announced a redesign of its employee bonus programme, adjusting both the qualitative criteria and the quantitative payout structure. The move comes amid intense competition for talent in the European banking sector and follows recent commentary on the bank's investment‑banking rivalry with JPMorgan. While the announcement does not disclose specific figures, it signals a proactive effort to align compensation with performance and retention goals.
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