Performance-related pay is much more likely to be adopted in firms where HR management is seen as strategically important

The number of managers receiving bonuses has also increased over the past year, from 54% to 57%

A report from the Performance and Reward Centre identifies key issues facing UK plc Remcos and lessons for boosting effectiveness.

HR directors know performance-related pay is not going to actually drive improved performance but regard it as symbolically important

Incentive structures to determine executives' bonus pay are unsophisticated in their approach

More 'enlightened' performance-related pay is one way to increase workplace productivity

Media and shareholder scrutiny, coupled with regulatory changes, mean executive pay has become increasingly complex

Concerns surrounding executive pay continue to grow. But HR can play a key influencing role

Despite their negative reputation, bonus plans are a valuable way of communicating priorities and targets