Bonus Systems – what to measure?

This is the second in this series. (Read Part 1 and Part 3) In this part, we look at bonus structures. We recommend four core principles… simplicity, clarity, consistency and fairness. Simple is best. Complex mixes of qualitative and quantitative can be unhelpful. Indeed, contestable qualitative measures can actually demotivate. Qualitative feedback is fine for

Reviews – be organised, consistent and don’t just discuss money

Large institutional firms are generally more organised than small firms in the employee review process. But there’s no reason why small firms can’t do it just as well. Here are some tips… Make your annual reviews part of your annual forward budgeting process. In other words, plan your costs and fees in the one exercise.