How to... Manage the Bonus Meeting – Performance Pay
Published on: 24/04/2017
Issues Covered:
Article Authors The main content of this article was provided by the following authors.
Dr. Gerry McMahon MD, Productive Personnel Ltd
Dr. Gerry McMahon MD, Productive Personnel Ltd
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Gerry McMahon is an acknowledged national expert in People Management.  He has over 35 years’ experience - as a workplace investigator (on bullying/harassment/ disciplinary/dismissal/grievance issues), trainer, negotiator, facilitator, mediator, arbitrator and team builder - across a wide range of employment sectors. He is the M.D. of the H.R. training and advisory company Productive Personnel Ltd. 

Gerry has also had an extensive range of books and articles published and been a columnist with the Industrial Relations News, Irish Times, Sunday Business Post, and Irish Independent and expert commentator on H.R./Employee Relations for R.T.E. and TV3/Virgin. He has also served on numerous Legal Island and C.I.P.D. judging panels and is a Council member of the Irish Association for Industrial Relations.

Contact: Tel. 087-2471415; E-Mail: ppl1gerry@gmail.com

Evidence from a host of recent private sector pay settlements and surveys in Ireland reveals that performance or variable pay is a popular people management practice. It has even been adjudged by the Labour Court to be a ‘condition of employment’ (LCR19684), though in 2012 the High Court held that an IFSC-based finance company had absolute discretion to award a bonus, though this discretion must be exercised ‘reasonably’ (2012 IEHC 10).

Though the deployment of financial incentives and bonuses of one type or another for the purpose of raising staff performance levels has a long and varied history, several large-scale research projects indicate that such schemes can have a substantial impact on employee performance, helping to get the best out

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Disclaimer The information in this article is provided as part of Legal Island's Employment Law Hub. We regret we are not able to respond to requests for specific legal or HR queries and recommend that professional advice is obtained before relying on information supplied anywhere within this article. This article is correct at 24/04/2017
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