Money Doesn't Always Talk

Money doesn’t always talk

nick Comment, Culture Change, engagement, Homepage, Rapid Improvement Workshops, Team Optimisation Leave a Comment

In this interesting article from the BBC, a fund manager, Neil Woodford, explains why he has stopped paying bonuses to his staff. Instead, his team will get an increase in pay and benefits. I think this is interesting – not because Mr Woodford is doing something new, but because he is being honest. He says that bonuses have become a given; something his employees feel they are entitled to. And in financial services, he is probably right. Therefore, they should not be called bonuses, because they are not incentivising improved activity. There is another argument that in financial services, where the media …

nickMoney doesn’t always talk