How to... Manage the Bonus Meeting – Performance Pay
Posted in : How To... with Dr. Gerry McMahon on 24 April 2017
Dr. Gerry McMahon
Productive Personnel Ltd
Evidence from a host of recent private sector pay settlements and surveys in Ireland reveals that performance or variable pay is a popular people management practice. It has even been adjudged by the Labour Court to be a ‘condition of employment’ (LCR19684), though in 2012 the High Court held that an IFSC-based finance company had absolute discretion to award a bonus, though this discretion must be exercised ‘reasonably’ (2012 IEHC 10).
Though the deployment of financial incentives and bonuses of one type or another for the purpose of raising staff performance levels has a long and varied history, several large-scale research projects indicate that such schemes can have a substantial impact
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This article is correct at 24/04/2017
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Dr. Gerry McMahon
Productive Personnel Ltd
The main content of this article was provided by Dr. Gerry McMahon. Contact telephone number is +353 1 490 7490 or email ppl1gerry@gmail.com
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