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Bonus plans just the tonic for Pharmacia

Previous Article Next Article Bonus plans just the tonic for PharmaciaOn 9 Apr 2002 in Personnel Today Staff bonuses at pharmaceutical company Pharmacia have been linked topersonal development targets to encourage employees to take more of an interestin their own training. The company agrees individual development targets with staff at their annualappraisal and a proportion of their annual bonus is dependent on these targetsbeing met. Pamela Gelder, HR director at Pharmacia UK, said the current individualdevelopment targets make up a fifth of the bonus because the initiative is inits first year, but this will gradually increase, as employees become familiarwith the system. “The move gives out a positive message to employees as it shows we arecommitted to their development and are giving more meaning to it,” shesaid. “We know we have good calibre people, but the company wants to makethem as good as they can possibly be. It wants to help them develop and retainthem.” Gelder hopes the policy will see the internal promotion of staff increase. Comments are closed. Related posts:No related photos.

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