Reward Blueprints: 'I must say that I find the reports extremely useful. The benefit/reward statements studies were invaluable, as I had to produce them for employees for the first time this year.'
Bonus schemes are one of the most common reward management practices, but there is something of a dearth of high-quality, practical information on the subject. To fill this information gap, e-reward.co.uk has undertaken an ambition research project covering a wide range of organisations on every aspect of bonus schemes to find out more about its application in today's organisations.
Our study examines the main forms they take, why they are used, what organisational benefits they can bring and trends in design. We also examined how they are developed, managed and maintained. Here in part 1, via a series of 11 case histories, we learn first-hand from the practical experience of a panel of organisations and examine the approached to the design and operation of different types of bonus scheme.
1: Bank Of Cyprus UK
2: easyjet
3: A financial services organisation
4: Financial Services Authority
5: GlaxoSmithKline
6: Kuehne + Nagel
7: Orange PCS
8: PricewaterhouseCoopers - Audit Practice
9: Rolls-Royce
10: Siemens
11: WHSmith News.
A summary of the the key findings was published in issue two of The Reward Quarter - download it from the 'Quarterly magazine' section of e-reward.co.uk.