The myth behind performance related pay
Senior Fellow, Peter Grant explains why giving financial incentives to employees can actually lead to unethical behaviour.
The recent events such as the LIBOR scandal has suggested there are serious ethical issues within the banking industry.
In this week's episode of Cass Talks, Peter Grant, Senior Fellow in Grantmaking, Philanthropy and Social Investment, explains how this runs wider than just the banking sector and that it is much to do with the myth of performance related pay.
He further explains that giving employees financial incentives to achieve company targets can actually lead to unethical behaviour.