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
The growth mindset (and how to cultivate it)
Three managers share their take on personal development and supporting staff on their learning journey
How CMI resources can plug knowledge gaps, revamp your CV and help you nail that interview
How the Career Development Centre has enhanced the professional life of CMI community members
Highlights – 23 April
Time to reduce stress, give motivation a boost and lead sustainably with CMI’s new Sustainability Leadership Qualifications
The value of emotional intelligence in business
How emotional competencies led to greater productivity, job satisfaction and worker retention
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.