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: “Working in higher education, Chartered status really comes into its own” Lizzie Turner CMgr FCMI, Chartered Manager of the Week, shares how she went from employing Chartered Managers to becoming one Read article Article Topic: The mentoring methods you need to try Chartered Managers share their experiences of the latest tools and techniques in mentoring Read article Article Topic: How can mentors become more self-aware? Understanding your own thoughts, emotions and behaviours can help create a more open and supportive mentoring relationship Read article Article Topic: “It’s our responsibility to be a great influence and set the right conditions” Matt Elliott CMgr CCMI hopes his diverse career experiences will continue to help him support CMI’s work 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.
