Variable pay is superior to bonus

February 2011
People Management;2/24/2011, p14
The author addresses the importance of pay flexibility in British businesses as an alternative to the Project Merlin agreement imposed by the British government. He tells that the deal has left 6 billion pounds to allocate among British banks, which results to revoked bonuses and some of them are limited for senior government workers. The author explains through the deal that variable pay must be supported more than bonuses as means of performance enhancement.


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