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: “It’s a completely new challenge for me”: one Chartered Manager’s life in retail Damien Pugh CMgr MCMI shares how becoming Chartered has been the pivotal moment in his career so far… Read article Article Topic: Employability Giving students the best possible return on their investment at Greenwich The University of Greenwich’s Raluca Marinciu explains how their CMI Dual Accredited course is transforming student outcomes Read article Article Topic: How not to be seen as a blocker It’s easy to be pigeonholed if you’re in a risk management role – Jean Gan has her say Read article Article Topic: “It’s a miracle I survived”: one manager’s journey from crisis to Chartered success A near-death experience with Covid resulted in David Tazzini-Lloyd CMgr FCMI turning to CMI 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.
