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: Workplace Culture “You need to truly empathise, rather than being performative” Tamara Box CMgr CCMI, our Chartered Companion of the Month, explains the importance of listening and embracing difference Read article Article Topic: Highlights – 26 November How are you planning to spend the ‘winter arc’? Plus, the value of CMI accreditation for accidental managers Read article Article Topic: Difficult Conversations How to lead through redundancies – and rebuild trust and culture Advice for managers and leaders on guiding teams through the hardest transitions – and turning them into moments of growth Read article Article Topic: Net zero: how can managers shift the dial? At the launch event for CMI’s report, a panel of experts shared their top sustainability tips Read article Listicle 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.
