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: What can managers do to tackle gender pay gaps? Pay disparities remain a debilitating issue – a panel of experts at a recent CMI event shared how you can help close the gap Read article Article Topic: The human catalyst: leading Hong Kong’s workforce in the age of AI Leaders must balance innovation with ethics, fostering human-centred skills that ensure technology serves society Read article Article Topic: Highlights – 12 November Who will keep Britain working? And how can we support them to do so? Read article Article Topic: Managers need to keep their eye on the ball, not the target Relationship with people is fundamental – Vishwanath Alluri considers what can and cannot be taught about management 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.
