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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Explore our collection of resources around the gender pay gap in UK employment law
CIPD pay and reward adviser Charles Cotton examines how potential changes to pensions in the UK could affect employers, and what the implications could be for those in HR
Learn about the UK law surrounding workplace pensions and how to choose new schemes or review existing pension arrangements
Guidance for employers on the claims process, the tribunal hearing and settlement of claims
Understand how to build an effective approach to performance management, including the tools that can support it
Learn the fundamentals of disciplinary and grievance policies and practices in the workplace
Introductory guidance on dismissal in the UK, with advice on following a fair dismissal procedure