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.

14th July, 2012
Bonus culture set to change
Gerard McDonough, director of human resource services with PricewaterhouseCoopers.

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...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Newsround: What Thursday’s papers say