There are a majority across Europe who want to do something to curb excessive bonuses… the system we are putting in place allows you to double or even treble your base salary, and gives enough space to devise incentive schemes so that people can really perform and be rewarded for performance.
Clearly, when managers are rewarded for performance failure, the matter is one of insufficient corporate governance.
A favorite, which foreshadowed Gorbachev by years, was an attack on the stifling egalitarian work ethic, using entrepreneurial brigades that were rewarded for performance, not for just showing up.
As the High Pay Centre has shown through its own research, the average pay of FTSE 100 bosses has risen far faster than the average value of their companies in the past two decades, despite the insistence from boards that executives are only ever rewarded for performance.
There is one significant difference, however, between how employees should be rewarded for gaining skills and how they should be rewarded for performance.
Practices are rewarded for performance based on quality indicators, which initially covered 10 clinical domains and aspects of practice organisation, patient experience and enhanced services.
