With a wealth of evidence pointing towards the demise of the yearly review, the potential musing on the expiration of bonuses and financial reward can’t be far behind.
Many HR professionals now see a yearly discussion with staff, and the lump sum payment which often follows, as an outdated way to monitor, review and reward staff.
So how can a workforce be motivated without the incentive of money?
James Brook, Co-Founder of the Strengths Partnership and co-author of management book ‘Optimise Your Strengths’, said taking an individual approach is critical.
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