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: Personal Development “I live and breathe CMI values,” says our Chartered Manager of the Week Sumbal Manzoor CMgr FCMI is a big champion of CMI, having used its qualifications to supercharge her career Read article Article Topic: Jude on finding the right learning style through a CMI apprenticeship An administrator who struggled with traditional classroom learning transformed his career with a CMI Level 3 apprenticeship Read article Case Study Topic: Employability Chartered Managers on the reputational boost of accreditation In 2025, many Chartered Managers told us about the growth in reputation they got with their Chartered status Read article Article Topic: From manager to leader: how professional accreditation transforms workplace impact Chartered Managers bring structured, strategic ways of working, with practices that lead to stronger and more resilient teams 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.
