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: “Throw yourself in at the deep end – it’s how you’re going to learn” Being a young manager is challenging, but hugely rewarding, says Olivia Hepplewhite CMgr MCMI, Chartered Manager of the Week Read article Article Topic: How BIBF and CMI are Building Bahrain’s Leadership Pipeline See how BIBF and CMI partner to build Bahrain’s leadership pipeline, offering accredited pathways. Read article Case Study Topic: Highlights – 10 June NEETs must: how investing in managers can help the youth unemployment crisis – and much more Read article Article Topic: “Create clear boundaries”: tackling ‘shadow AI’ in your organisation As AI tools become second nature, here’s how to embrace the benefits without exposing your business to risk 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.
