If only .....if only the best got the bonuses , doesn't happen ...if only it did encourage loyalty , it doesn't . Most top executives are pretty mercenary , they move around a fair bit in the course of a career . If I can borrow and distort one of Kennedy's famous sayings . It's not about what they can do for their company , it's more what their company can do for them . If the huge financial rewards aren't there , they aint interested. ......Too cynical ? Maybe .
To some extent discussion on whether the bonuses should be larger academic as they are not going to be for the next year or two - I agree with halfmist that lower bonuses will cause some top staff to go but that being the case would have thought that these particular staff will belong gone. I suppose the question is if it is only bonuses larger or equal to the competition that attracts / retains these staff what will happen now?
You appear to be agreeing with her and decrying her at the same time, lol. Got me confused , mate . ....can't believe some of the posts on here , starting to sound like a Victorian business convention . Thought we'd moved on from the carrot and stick approach years ago . Be discussing the legal age for sticking kids up chimneys next . .....In fairness to Dr Bender the article she wrote was called the pro's and con's of bonuses , the . section I posted was obviously from the con's side , suited my argument , the pro side would be much more to your liking , lol.
Those of us who didn't go to Uni had to rely upon common sense, especially when trying to persuade the degree brigade that sometimes their instructions wouldn't work in practise. Then we had to work hard and produce results which had the strange effect of encouraging our bosses to promote us and pay us more money. We didn't need to match up to measured targets our performance just came naturally. And, the rewards were fair and reasonable, they didn't have to be excessive.
Bonuses need to be paid to keep the best. But good chance to weed out the greedy. Plus why aren't bonuses in shares? This encourages loyalty and the benefits the company. Pride in your company? And being in your interest if they perform!
It has been my experience in all walks of life that the DOLE is the greatest incentive to working that little bit harder than your fellow workers. From the top to the bottom the fear of the sack requires the same respect believe me.
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