Facebook pays £12m towards UK pension contributions

first_imgFacebook UK spent £1.2 million on contributions to its defined contribution pension scheme last year, according to its annual report for the year ending 31 December 2014.The social media giant also paid out £35.4 million for employee share-based payment plans in 2014, compared to £15.5 million in 2013.At the close of the reporting period, Facebook Inc. had one active stock-based employee compensation plan, known as the 2012 Equity Incentive Plan. Within this, Facebook’s UK employees were granted restricted ordinary shares.The organisation’s wage and salary bill reached £40.8 million in 2014, up from £21.9 million the previous year. At the end of 2014, Facebook had 494 staff in the UK, with an average monthly headcount of 362 throughout the year.last_img

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