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Restaurant Industry Trends
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Sunday June 11th, 2006 |
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Festive Bonus Ball For Executives - By Christopher Mumford
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Christopher Mumford reveals research into executive bonus schemes. |
It is that time of year when everyone is eagerly awaiting their bonus. HVS looks at what bonus awards are based upon and at how closely they fall in line with set targets.
'City Bonus Bonanza!' screams the newspaper headlines. Yes it's that time of year when the press works itself into frenzy over the size of bonuses awarded to a handful of investment bankers and estate agents have a renewed spring in their step. While it is the bumper payments in the City which grab the headlines, it is not just workers in the Square Mile who are receiving bonus awards.
The increased adoption of performance related pay has resulted in bonuses becoming a widely accepted component of remuneration policies across industry and across all seniority levels.
Over the past couple of decades the implementation of bonus schemes has become more and more prevalent and the majority of employers now recognise that a well-designed programme can have a positive impact on employee attraction and retention.
Click here ( Adobe Acrobat PDF file) to download the complete article.
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Contact Information:
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Mineola, New York 11501
516-248-8828
516-742-3059 FAX
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| Since 1980, HVS International, the leading global hospitality consulting organization, has provided financial and valuation consulting services for more than 10,000 hotels in all 50 states and more than 60 foreign countries. |
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