How to... set up incentive programmes

For an employee incentive scheme to work effectively, it must be relevant, measurable, open, fair and available to all. If not, it can have the opposite effect and lead to demotivation and even resentment. Many schemes fail because of poor communication by management, unrealistic targets and/or a lack of clarity around the process.
 

It’s untenable to have a normal retirement age in public-sector schemes that is significantly different from the state retirement age

Brian Bailey, Director of pensions, West Midlands Pension Fund and member of High Pay Commission