TITLE

Bonuses 'critical' to engaging bank staff

AUTHOR(S)
Phillips, Lucy
PUB. DATE
February 2009
SOURCE
People Management;2/26/2009, Vol. 15 Issue 5, p10
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the importance of bonus payments in the recovery of banks from the financial crisis. A total of £175 million in immediate bonuses would be offered by the Royal Bank of Scotland (RBS) to its staff and additional bonuses in deferred bond payments are also expected. According to Stephen Hester, group chief executive of RBS, bonuses were crucial in the engagement of bank employees.
ACCESSION #
40399587

 

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