Most UK companies reward short-termism, sandbagged goals and risk avoidance, whilst hoping for strategic focus, collaboration and ambition.
Here’s how most companies structure their bonus plans, the five failure modes, the root causes, and a preview of what a better approach looks like.
Bonuses are always a sensitive issue for all levels of the organisation. It’s really difficult to strike a balance between adequate reward, team buy-in, cohesive working & real progress. Traditionally, we have offered a bonus based on the company’s financial performance. I’ve always felt that there is more we could get from this, and aligning with strategy makes perfect sense. We will incorporate this approach into our bonus scheme.
Ashley Heather
Building Materials Nationwide
Most bonus advice suggests adding metrics, tweaking weightings or introducing balanced scorecards.
The evidence shows those changes don’t address the root cause. Watch the video to discover:
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Glen has scaled and exited several companies. He helps customers develop their strategies, use OKRs, and execute their plans.
His deep understanding of sales processes and AI enablement makes him a great fit for customers with challenges in those areas.