Home » HR practices » Comp and Ben @en » Germany: Bosch cuts individual bonuses Germany: Bosch cuts individual bonuses At the end of September, the German manufacturer announced that it would no longer pay bonuses for individual performance, to any of its 290,000 employees. The management at Bosch believes that, in fact, the level of motivation resulting from individual bonuses is only limited. This is compared with a job “which has meaning” and is performed in a solidarity-based and participative working environment, where the work-life balance is taken very much into account. While the practice of awarding individual bonuses remains fairly widespread in Germany, it does appear that it is beginning to be called into question, in favour of a movement towards collective bonuses. The digitalisation of the economy influences this trend. Through . Published on 27 October 2015 à 14h24 - Update on 28 October 2015 à 13h20 Resources Individual bonuses called into question. Volkmar Denner, the CEO at Bosch, announced the news at the end of September; in the Frankfurter Allgemeine Sonntagszeitung (a Frankfurt Sunday newspaper) he explained that “money can have a demotivating effect. That is why we have decided to cut extraordinary bonuses linked to personal performance… With business going well for Bosch,… Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst name Last name Organization Function email* Object of the message Your messageRGPD J’accepte la politique de confidentialité.EmailThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications Supporting parenthood in the workplace: a win-win strategy Supporting employee carers: a CSR challenge Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels