The impact of any bonus or incentive scheme is based on an awareness of the factors needed for success and an understanding that individuals may respond differently to the same stimulus.
This factsheet explores the types of bonuses and incentives, trends in their use, and their potential benefits and drawbacks. It also explores the latest research evidence and the possible implications for bonus and incentive schemes.
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This factsheet was last updated by Charles Cotton: Senior Performance and Reward Adviser, CIPD
Charles directs CIPD’s research agenda and public policy on performance and reward. He speaks for CIPD at government consultations on topics such as, pensions, retirement, CEO remuneration, low pay and employee tax.
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