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    188宝金博页面版: S11 Bonus schemes-Armstrong's Handbook of Reward Management Practice

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    内容提示： 11. BONUS SCHEMESKey learning pointsBonus schemes defined? Bonus schemes provide cash payments to employees that are related to theperformance of their organization, their team or themselves, or a combination oftwo or more of these.? Bonuses have to be re-earned, unlike increases arising from contingent payschemes, which are consolidated into base pay.? Cash bonuses may be the sole method of providing people with rewards inaddition to their base pay, or they may be paid on top of individual contingent pay.Aim...

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    11. BONUS SCHEMESKey learning pointsBonus schemes defined? Bonus schemes provide cash payments to employees that are related to theperformance of their organization, their team or themselves, or a combination oftwo or more of these.? Bonuses have to be re-earned, unlike increases arising from contingent payschemes, which are consolidated into base pay.? Cash bonuses may be the sole method of providing people with rewards inaddition to their base pay, or they may be paid on top of individual contingent pay.Aims of bonus schemes? Enable people to share in the success of the organization and therefore increasetheir commitment to it.? Provide rewards related to business performance to increase motivation,commitment and engagement.? Provide a reward that recognizes past performance or achievements andencourages individuals and teams to perform well in the future.? Provide a direct incentive that increases motivation and engagement andgenerates higher future levels of individual and team performance.? Ensure that pay levels are competitive and will attract and retain good-qualitypeople.Rationale for bonus schemes? They contribute to the creation of a high-performance culture.? Lump sum payments can sometimes make a bigger impact than incrementalincreases spread out thinly over a year.? Bonus schemes provide rewards for special achievements.? They provide financial recognition to people who are at the maximum of thesalary range for their grade and are continuing to perform exceptionally well.

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