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: “I learned the importance of people” Engineer Wong Kok Yoong CMgr MCMI has been instrumental to the launch of Vietnam’s new mega airport, Long Thanh International Read article Article Topic: Employability “With Level 6, any employer will see you’re worth the investment” Luke Keenan’s rapid career progress shows the power of goal-setting and committing to professional development at a young age Read article Article Topic: From maternity leave to distinction at Level 3 Victoria Adamson returned to work after maternity leave and faced rebuilding her team while studying a Level 3 qualification Read article Article Topic: “This is the most disruptive era of recent generations” Organisations need future-ready leadership and Bella Ikpasaja FCMI has made it her life’s mission to provide it 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.
