Monday April 6, 2020

How to profit from performance incentives

Give everyone a chance to buy into success for your company, writes David Bell

24th January, 2016
David Bell: a clear pay system avoids perceptions of inequality

If reports are to be believed, employers could struggle during 2016 to keep their most talented staff.

This shouldn’t come as a surprise: unemployment is falling, leading to a smaller pool of skilled staff; while prices, both in the property market and on the high street, are rising.

To overcome this challenge, firms are turning to performance-related pay (PRP), where salary and bonuses are linked to clearly defined metrics.

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