The Science Of ...

Do great work; earn more money? The science of the Performance Bonus…

Also read the following related article:

* Employers are abandoning performance appraisals

Investopedia defines a performance bonus as “compensation beyond normal wages that is typically awarded after a performance appraisal and analysis of projects completed by the employee over a specific period of time”.

Mike Wills interviewed Andrew Woodburn, Executive Search Expert and Managing Director at Woodburn Mann, about the science of the performance bonus.

Scroll down to listen to the audio.

You need good governance to make a share incentive scheme work.

Andrew Woodburn

Some sectors are more suited to performance bonuses than others.

Andrew Woodburn

How do you peg what key deliverables are?

Andrew Woodburn

Performance bonuses need to differentiate between skill and luck.

Andrew Woodburn

How performance bonuses are paid must be easy to understand.

Andrew Woodburn

Bankers used to be able to earn many times their basic salary. This is changing.

Andrew Woodburn

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