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Performance-based bonuses gain favour: Work level of staff tends to improve.
Byline: Somporn Thapanachai
May 2--Salaried workers in Thailand have come to consider bonuses as an integral part of their compensation, with fixed annual bonuses the predominant practice among local employers. But there is now a rising trend toward variable bonuses based on performance to motivate employees to work more efficiently.
Applying performance bonuses could actually help many firms get more from their employees but it is key that a detailed explanation is given before the new system is implemented, said human resource experts at the Hay Group, a consultancy.
Making the the variable bonus system effective in the same year it is ...
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Source: HighBeam Research, Performance-based bonuses gain favour: Work level of staff tends to...