B for BonusPosted in : Essential Guide to Employment Contracts on 24 August 2010
Bonuses are receiving bad press at the moment. There is outrage at payment of large bonuses to exiting chief executives who have arguably failed to do the job they were employed to do and global pressure to bring bonuses in the banking sector under control.
However, payment of bonuses and commissions is a useful way of incentivising employees and motivating them to achieve goals.
Schemes have become more sophisticated and inventive, helping employers to maximise productivity, profit, safety and quality. In 2009 some railway workers were promised bonus payments in
Already a subscriber?
Click here to login and access the full article.Log in now to read the full article
Don't miss out, start your free trial today!
Are you fully aware of the benefits of Legal-Island's Employment Law Update Service? We help hundreds of people like you understand how the latest changes in employment law impact on your business.
Help understand the ramifications of each important case from NI, GB and Europe
24/7 access to all the content in the Legal Island Vault for research case law and HR issues
Ensure your organisation’s policies and procedures are fully compliant with NI law
Receive free preliminary advice on workplace issues from the employment team at Worthingtons Solicitors
This article is correct at 06/08/2015
The information in this article is provided as part of Legal-Island's Employment Law Hub. We regret we are not able to respond to requests for specific legal or HR queries and recommend that professional advice is obtained before relying on information supplied anywhere within this article.