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Savills eyes up bumper bonuses

Estate agency Savills is lining up a bonus pay out for its 20,000 staff worldwide of £60m. The payout will be more than its expected profits which are believed to be in the region of £24m. “The company tends to pay below market rates on basic salary,” Savills said. “The flexibility of our renumeration system is one of the reasons for our success in managing the downturn.”