The University of Southampton
University of Southampton Institutional Repository

Is it all in the timing? The practice of bonus payments in the UK

Nisar, Tahir M. (2003) Is it all in the timing? The practice of bonus payments in the UK Compensation and Benefits Review, 35, (5), pp. 31-39. (doi:10.1177/0886368703256944).

Record type: Article

Abstract

Bonuses are increasingly linked to wider business goals, replacing the traditional focus on output or profit measures. The evidence also shows that companies make awards to coincide with payments made by competitors to raise their profile among prospective employees and customers. The timing of bonus payments has thus become a strategic consideration in many markets in recent years. These trends suggest that there are a host of factors that contribute to companies' decisions about bonus payouts. This article uses case studies of two U.K. banks to show that companies pay bonuses for a variety of purposes, ranging from employee performance and productivity to wider company goals, such as company reputation, stakeholder influence and employee hiring and retention policies. The article argues that current bonus pay practices are best understood as a value-added strategy, as various trade-offs are required before a company can expect to benefit from its employee rewards and benefit strategy.

Full text not available from this repository.

More information

Published date: 2003
Keywords: bonus pay, U.K. banks, business goals, value-added strategy

Identifiers

Local EPrints ID: 35863
URI: http://eprints.soton.ac.uk/id/eprint/35863
ISSN: 0886-3687
PURE UUID: 0854f628-dc52-4c5a-b17a-24125bdf2bdb

Catalogue record

Date deposited: 22 May 2006
Last modified: 17 Jul 2017 15:46

Export record

Altmetrics

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton: eprints@soton.ac.uk

ePrints Soton supports OAI 2.0 with a base URL of http://eprints.soton.ac.uk/cgi/oai2

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×