Bonus culture set to change
When the economy picks up, automatic bonuses and incentives will be replaced by a different culture, but one that has to be handled with care, writes Gareth Naughton.
There will be no return to the automatic "blanket bonuses" of the Celtic tiger era once the economy starts to recover. This is according to Gerard McDonough, director of Human Resource Services with PricewaterhouseCoopers (PwC).
While the Irish workforce can expect a return to better pay in the years ahead, McDonough said financial rewards and incentives would be given on the basis of a very different set of criteria.
"Bonuses are now much more linked...
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