May 2022
Intermediate to advanced
288 pages
7h 6m
English
Content preview from Reward Management, 3rd Edition
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Bonus plans
Introduction
Prevalence of bonuses
Bonuses come in all sorts of shapes and sizes, from a weekly low-level prize to annual executive plans paying potentially a multiple of annual salary. Around 64 per cent of organizations pay a bonus to at least some employees (XpertHR, 2021). Table 10.1 shows the range and prevalence of bonuses reported in the 2014/15 CIPD Reward Management survey.
Table 10.1 Percentage of respondent organizations
Individual-performance related |
Group-performance related |
||||||||
|---|---|---|---|---|---|---|---|---|---|
Individual bonuses |
Combination schemes* |
Sales commission |
Other individual cash-based incentives |
Ad hoc/project-based schemes |
Profitsharing |
Goal sharing |
Non-monetary incentives |
Gain sharing |
|
All |
57 |
46 |
29 |
22 |
24 |
40 |
53 |
17 |
20 |
By ... | |||||||||
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