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Getting performance bonus schemes to work
This ‘Expert Article’ (20 pages + E-templates) covers David Parmenter’s latest thinking on the topic. It contains practical steps that you can implement immediately, which will enhance your profile within your organisation. I guarantee that you will save many times the cost of this article.
Description
Performance bonus schemes can be seen as an annual entitlement, be very costly, create endless arguments and not lead to notable improved performance. This article explores the foundation stones senior management must be aware of if they are involved in designing or fixing a bonus scheme.
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This article gives you the answers to the following questions:
- How to incentivise your staff with a bonus scheme?
- How to structure an employee bonus scheme that will work?
- How can bonus schemes be used as an employee benefit?
- What are the advantages of bonus schemes?
- What are the different types of employee bonus schemes?