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 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 Topic: Highlights – 9 July Psychological safety first: how culture can strengthen defences, teams and the future Read article Article Topic: Productivity Be careful not to misuse the term ‘workaholic’ The difference between work-life integration and workaholism must be identified Read article Article Topic: Workplace Culture Cyber attacks: Don’t point the finger Good managers make people feel comfortable to report when they click on a malicious link 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.
