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: How independents can win against encroaching rivals Independent consultants must differentiate themselves from competition, such as positioning as trusted specialists Read article Article Topic: Empowering leadership through somatic trauma-informed coaching: my CMI journey Caron Sanders-Crook FCMI shares how studying for a CMI Level 7 Diploma deepened her approach to compassionate leadership Read article Article Topic: “Leadership needs to be held to professional standards” Dr Ayham Ammora FCMI is running for the role of chancellor at the University of Cambridge Read article Article Topic: “Management was a natural extension of my love of science” Steff Gaulter CMgr MCMI, shares how moving into management felt like an extension of her passion for weather presenting 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.
