How to… Manage IncentivesPosted in : How To... with Dr. Gerry McMahon on 26 June 2018
It is apparent from research undertaken at the University of Limerick that financial incentive schemes are common practice in workplaces across Ireland – especially for managerial, professional\technical and clerical\administrative grades. This finding is substantiated by evidence from a host of recently reported private sector pay settlements and surveys, confirming that performance or variable pay is a popular people management practice. In fact, 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
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