Resource: Do your staff really need bonuses? Written by CMI Insights Saturday 12 November 2016 Share Share to LinkedIn Share to Facebook Share via email A top fund manager has stopped paying bonuses to his staff, with others following suit, citing that 'bonuses are largely infeffective and lead to wrong behaviours - is he right? Neil Woodford, one of the UK’s most respected fund managers with more than £14bn assets under management, has made the bold step of putting all staff at his Oxford-based Woodford Investment Management company on a flat salary this year. Instead of a one-off cash incentive, Woodford will reward staff with a pay rise for the current financial year to more effectively improve employee behaviour and performance. Read the full story: https://www.managers.org.uk/insights/news/2016/october/do-your-staff-really-need-bonuses Like this article? Why not share it. Share to LinkedIn Share to Facebook Share via email Topic: Highlights – 22 July World Cup own goals, tackling the youth employment crisis and championing disabled leaders Read article Article Topic: From survival to strategic leadership: how learning transformed my confidence, career and life Judith Otisi ACMI fCMgr explains how studying for a Level 7 qualification with CMI helped her build confidence Read article Article Topic: The real barrier to AI adoption isn’t technology – it’s management As organisations rush to adopt AI, managers must focus less on tools and more on trust, capability and human judgement Read article Article Topic: Why strategic leaders must recognise weak organisational signals before crises emerge Long before a crisis becomes visible, organisations often reveal subtle signs of trouble. Here’s what to do as a leader Read article Article Resource The information on this page is designed to help you to develop ever more compelling business proposals and presentations. Take a look at our selection of tools which could help support you. Members See More CMI Members have access to thousands of online learning and CPD resources. Learn more about our membership benefits Join The Community CMI offers a variety of flexible membership solutions, tailored to your needs. Find out more and get involved in the CMI community today.
