Bonuses and incentives
Understand the basics of bonuses and incentives, the trends in their application, and how to design and operate schemes effectively and ethically
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 any bonus or incentive scheme depends 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, their use, and their potential benefits and drawbacks. It also highlights research evidence and the possible implications of using such schemes.
Affiliate membership offers instant access to CIPD resources without the need for assessments or study, or explore your options to become a professional member of the CIPD to demonstrate your commitment to the world of work.
Already a member? Login here.
Our response to the Low Pay Commission consultation
Read our latest Labour Market Outlook report for analysis on employers’ recruitment, redundancy and pay intentions
Understand what bullying and harassment at work is, and how employers and employees can address the problem
Understand the advantages and disadvantages of zero-hours contracts, recent UK legislative changes, and good practices to follow
Understand what we mean by skills in the workplace, UK skill levels and the government’s skills policy.