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: “You can’t adopt a single leadership style towards every person” Prayaag Pandya CMgr MCMI shares how accreditation has helped him understand the importance of adapting his management Read article Article Topic: Communication “A more compassionate approach is something I learnt from CMI” Dr Liam O’Connor CMgr MCMI says academic rigour, interpersonal skills and practical expertise are a winning combination Read article Article Topic: Imposter Syndrome “Professional accreditation really raises the bar on standards” Adam McNall CMgr MCMI, Chartered Manager of the Week, had imposter syndrome, but learning with CMI helped his confidence Read article Article Topic: Highlights – 10 December Supporting apprentices, learning to listen and tackling change head-on 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.
