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: “You need the right mix of challenge and empathy” Isaac Kalungi CMgr MCMI was the first Chartered Manager in Uganda Read article Article Topic: Highlights – 10 September Difficult choices and hard conversations – plus the positive impact of CMI’s leadership courses around the world Read article Article Topic: Personal Development How studying for a CMI Level 3 Diploma helped Amy Matthews lead with confidence Operations team manager Amy Matthews shares how a Level 3 qualification gave her new leadership perspectives Read article Article Topic: Workplace Culture The human edge: why soft skills matter more than ever As technology transforms work, technical know-how is only half the story 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.
