Open AccessBonus Payments within the New Zealand Financial Services Sector
Author(s) -
Paul A. Easton,
David Brougham
Publication year - 2021
Publication title -
new zealand journal of employment relations
Language(s) - English
Resource type - Journals
eISSN - 1179-2965
pISSN - 1176-4716
DOI - 10.24135/nzjer.v46i1.45
Subject(s) - remuneration , payment , project commissioning , business , publishing , financial services , financial sector , finance , accounting , political science , law
Some major corporate scandals have shown that bonuses have been put above basic client needs. As a result, organisations within the financial services sector have been advised to move away from paying bonuses. However, bonus payments are an expected part of the current remuneration package in this sector, which poses an interesting challenge for the employment relationship between employees and organisations. The present study gained employee insights into their bonuses by looking at performance and other factors. Qualitative interviews were undertaken within the financial services sector. Alternatives for bonuses and implications are discussed to manage remuneration and the employer/employee relationship.