What is happening in bonus schemes: part 3 - Toolkit

The purpose of this e-reward bonus scheme toolkit is to provide practical guidance to any organisation which wants to develop and introduce new bonus schemes, review existing schemes, maintain their effectiveness and evaluate their impact.

Use this toolkit to understand

  • what are bonus schemes

  • why organisations bonus schemes

  • description of purpose and features of major types of bonus schemes

  • the evidence regarding their prevalence in the UK

  • their key characteristics and components

  • what are the pros and cons

  • key ingredients for success

  • the development path for designing, introducing and maintaining a bonus scheme.

What the toolkit contains

  • A general introduction in which bonus schemes are defined and their aims and features described (section 1).

  • A description of the seven stages involved in developing a bonus scheme (section 2).

  • A brief listing of sources of further information (section 3).

A summary of the the key findings was published in issue four of The Reward Quarter - download it from the 'Quarterly magazine' section of e-reward.co.uk.

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