More than one in five managers who fell short of performance expectations in the last year still received bonus pay-outs, according to new data published today [10 May] by the Chartered Management Institute (CMI) and XpertHR.
Data from the 2016 National Management Salary Survey reveal that many managers and professional staff still reap the benefits of bonus pay outs despite falling short of expectations. Of those deemed to be underperforming or developing, 23% still received a bonus payment on top of their basic salary. The average bonus payments to this group were worth £4,270, or 12% of their basic pay, taking their total packages to £40,067.
The data also suggest that so-called ‘rewards for failure’ could be even more common for more senior leaders. Among senior managers who fell short of performance expectations, as many as 43% took home bonuses.