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...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
The year in review
The best writing and and the biggest stories of 2019 from the Business Post
Newsround: What Thursday’s papers say
Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals
More cycle routes, expansion of Luas to Bray and new bus network proposed
Greater Dublin Area draft Transport Strategy published