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: Five leadership lessons from a former Google president Matt Brittin told a CMI audience about the most important job of a manager how to navigate the changing business landscape Read article Article Topic: Why skilled managers are key to the success of new employment rights The UK government’s Employment Rights Bill introduces changes to the law surrounding unfair dismissal and probationary period Read article Article Topic: “Working in higher education, Chartered status really comes into its own” Lizzie Turner CMgr FCMI, Chartered Manager of the Week, shares how she went from employing Chartered Managers to becoming one Read article Article Topic: The mentoring methods you need to try Chartered Managers share their experiences of the latest tools and techniques in mentoring 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.
