Why do bonuses continue to be a popular reward tool?
Tags: Bonus
ONS report reveals bonuses in UK up 2.7 percent
Bonus payments received across the whole UK economy from April 2014 to March 2015 totaled £42.4 billion, according to the annual bonus payment report released by the Office for National Statistics (ONS), up 2.7 percent on the previous year and only 0.1 percent lower than the record level recorded in the financial year that ended…
Deborah Rees: From the academy to the first team; lessons in business and reward from elite sport
From the junior academy through the reserves to the first team, and from base pay through bonuses, long term plans, recognition and those non-financial incentives, this article will look at the parallels and necessary steps that reward, talent and senior management will have to take in order to realise the same benefits in the wider commercial world.
Under-performing managers rewarded with bonuses
New data has revealed that managers who are not performing adequately are still being rewarded with bonuses. Nearly a third of all under-performing managers received a bonus in 2014.
Reward improves engagement, says Portus
Specialist employee benefits consultancy Portus Consulting is highlighting the benefits to employee engagement with the success of its own Employee of the Year scheme.
Motivate employees with science not money, says CIPD report
Using behavioural science to understand what really motivates employees could benefit businesses, finds new research from the CIPD.
Why is there still a gender bonus gap?
A study reveals that UK workers are in line to share £23.28 billion in bonuses, but why are men receiving more than women?
Bonuses increase for private sector but decrease for public sector
Total bonus payments received across the whole economy during the period May 2013 to April 2014 were £40.5 billion – an increase of 4.9% compared with a year earlier – according to the annual article on bonuses from ONS. Of the total, £14.4 billion was paid in the finance and insurance industry, which increased by…
Professor Colin Green: Bonus Gravy on top
Bonus payments for high-earners have tended to be justified as being necessary to avoid even higher salary levels and losing talent. The dispute this year between the state-backed Royal Bank of Scotland and the Treasury is typical of the arguments involved: RBS wanted to offer bonuses of up to twice the size of salaries; George…
Bonus payments tumble for top bosses
Company Directors have seen their bonuses shrink by an average of 23% (from £64,594 to £49,767) over the last 12 months, according to new salary data published today by CMI (the Chartered Management Institute) and XpertHR. The National Management Salary Survey 2014 shows that rewards for most top bosses have not mirrored ‘runaway pay’ headlines,…
Non-exec directors seeing their fees flatline after 5 years of growth
Non-executive directors in FTSE100 companies are seeing an end to the increases in their fees experienced after the financial crisis, according to a new report by PwC. PwC’s research reveals that the base board fees for non-executive director roles in the FTSE100 are beginning to plateau after several years of rises, as companies try to…
71% of employees would rather have a cash bonus than a Christmas party
The planning started weeks ago and the date is already in the diary for the work Christmas party – but the majority of work partygoers would rather have the cash, new research from MetLife Employee Benefits shows. Its nationwide study of employees found 71% would rather have the cash the company spends per head as…
Natalie Vescia: How to avoid the festive season performance slump
As we’re now firmly in the fourth quarter of the year, many businesses are turning their attentions towards end of year targets and recognising the efforts of their employees. End of year festivities such as Christmas shopping, client events and office parties can distract employees from the task at hand and lead to festive cheer,…
‘Auto-bonus’ culture grips UK companies
Short-term cash incentives, or annual bonuses, have become the norm for workers at the majority of UK companies with 94 per cent of those surveyed offering an annual incentive to a broad range of their employee base, according to research by professional services company Towers Watson. Despite challenging economic conditions, businesses admitted that over the past…
Public servants could now get bonuses
Public servants could be given bonuses instead of automatic pay rises, the government has announced. The Treasury is said to be looking to phase out automatic pay progression in the public sector, which sees many workers get increases as long as they meet minimum performance standards. In many cases, this has led to their pay…