Are Bonuses the best way to reward employees?

This is an interesting article that attempts to study if bonuses are the best way to reward employees to drive performance that result in the long term good of the company.

Apparently, some banks are incentivising their employees with a profit-sharing scheme that they can only enjoy after they turn 60. In this way, it encourages them to think long term and drive the company towards sustainable growth and a culture that enables them to stay on to enjoy the benefits that will only materialise when they retire.

This is not the old pension scheme where one simply switches off and just wait for retirement. It is no use if the company does not survive till that time. Check out this article to see how it works.

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