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Since we launched the Office Block, we have covered a sackful of issues which matter to people working in finance and banking.   With the help of our guests, we have looked at pay, pensions, working hours, stress, out of …

Read: Performance Related Pay Has Failed.

Performance-Related Pay (PRP) has failed argues Gareth Murphy. Its time has come and gone – again.

Originally popular in the early part of the 20th century, it was resurrected by corporations, CEOs and HR gurus in the later part of the last century but has now reached its zenith and needs to be binned.

PRP has been cited in a number of reports as a contributing factor in miss-selling scandals and the financial crisis of 2008.