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: Project Management “Do something a little bit out of the norm” Sunil Patel CMgr FCMI, Chartered Manager of the Week, shares how he’s using AI to speed up the process of dispensing medicati Read article Article Topic: Workplace Culture Octopus Energy’s Greg Jackson: six leadership lessons The founder of the UK’s largest energy supplier explains the value of relentless positivity and dry stone walling Read article Article Topic: Personal Development “It’s about creating a culture of problem-solvers” Mars Wrigley Confectionery’s Szymon Wierny CMgr MCMI explains why continuous improvement is really all about people Read article Article Topic: Workplace Culture The risk of indifference: leadership’s quietest failure Indifference is contagious, spreading through both systems and individuals. So it must be noticed and interrupted early 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.
