How well bonuses drive performance

People in Stockholm, Sweden, on May 29, 2020.
People in Stockholm, Sweden, on May 29, 2020.PHOTO: AFP

Companies often give performance bonuses to spur their staff to do better. But are such rewards effective in driving them to work harder?

A Swedish bank may be about to change perceptions of how bonuses affect performance.

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A version of this article appeared in the print edition of The Sunday Times on July 26, 2020, with the headline 'How well bonuses drive performance'. Print Edition | Subscribe