Employers often link salary to the performance, skills and technical knowledge of employees and may seek to reward staff who meet and/or exceed these expectations. Therefore, bonus schemes or arrangements are a commonly deployed mechanism employers use in order to motivate or incentivise employees to keep the standards of work and delivery high and to reward excellent performance.
There are many types of bonus arrangements, each with their own sets of criteria. Our Employment Team routinely advises on how best to approach introducing bonus arrangements and how best to implement them once introduced.
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