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: Why engineering graduate VJ is taking the pathway to ChMC Vaibhav Joshi Assoc.ChMC says more people should consider ChMC status as an early career move Read article Article Topic: Apprenticeships Nationwide degree apprentices: studying “sparks creativity and innovation” Two Chartered Manager Degree Apprentices from Nationwide Building Society share why studying is such a valuable investment Read article Article Topic: Equality and Diversity How to make the most of a multi-generational workplace Younger workers bring new perspectives. Older staff deliver the experience. Here’s how to ensure it’s a harmonious marriage Read article Article Topic: Personal Development “Chartered status gives me personal validation and a professional network” Jo Ford CMgr FCMI, Chartered Manager of the Week, discusses the importance of positivity and having an entrepreneurial spirit 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.
