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: Imposter Syndrome “Professional accreditation really raises the bar on standards” Adam McNall CMgr MCMI, Chartered Manager of the Week, had imposter syndrome, but learning with CMI helped his confidence Read article Article Topic: Highlights – 10 December Supporting apprentices, learning to listen and tackling change head-on Read article Article Topic: Three errors managers make when striving for improvement In a new book, Max McKeown explores how people can become superadaptive and transform constraints into opportunities Read article Article Topic: Personal Development How I used passion and purpose to reshape a university department A mix of clarity, curiosity and confidence helped a fragmented department find its focus – and a fresh sense of purpose 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.
