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: Communication Sea change: one Chartered Manager’s journey through the Royal Navy and MOD Stuart Linehan CMgr MCMI shares his work on “the brains behind the nation’s defences” Read article Article Topic: Employment Landscape The podcast highlighting the challenges facing SMEs The Enterprise Research Centre’s podcast, Exploring Enterprise, offers a look at the latest insights around small businesses Read article Article Topic: “I see so many fashion brands that are doing it wrong. I want to be one that does it right” Student Emily Botha shares why her CMI accreditation will help her to change the fashion industry for the better Read article Article Topic: Consultancy Why getting ahead of the game pays dividends as a management consultant Zarina Naqvi CMC ChMC FIC has spent her career transforming businesses, and always manages to stay ahead of the curve 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.
