Understand the basics of bonuses and incentives, the trends in their application, and how to design and operate schemes effectively and ethically
The effectiveness of bonus and incentive schemes depends on an awareness of the key factors needed for success and recognising that individuals may respond differently to the same stimulus.
This factsheet explores the types of bonuses and incentives, their use, and their potential benefits and drawbacks. It also highlights research evidence and the possible implications of using such schemes.
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Compare your health and wellbeing practices with the latest trends, drawn from CIPD 2026 research data.
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Access the essential HR resources you need to help you understand the impact and plan your response to the changes to tipping
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A look at the induction process, and the purpose of inductions for employers and employees