HR departments like to personalise bonus incentives so that it is pass or fail for the individual.
Everywhere I have worked it has been the case that there was a very small element of personal performance related bonus payment (if any), but a huge dependence on the organisation meeting its Key Performance Indicators for the year.
As soon as you introduce "corporate" results into the equation you dilute the individual incentive.
The theory was that if everyone performs at a satisfactory level or above, then the organisation will do well. That's clearly not always the case, and I have no argument with someone earning a small bonus if they have performed exceptionally over the course of a year despite the organisation struggling.
What we have in the banking industry, though, seems to be a culture where bonuses can be very high for some, and seemingly only based on individual targets and performance. I think that is what people find objectionable.
I've worked in organisations where the bonus system pulled in both directions at once and destroyed the team effort.
And once your salary deals are skewed to high bonuses its very hard to wean people off them.
You end up consolidating bonus into salary which means high pay regardless.
I bow to your own personal knowledge about team effort being destroyed. Perhaps the balance between the individual and corporate results was not right?
In the past, bonuses were heavily discretionary and paid essentially if your manager thought you did a good job. The rise of employment-related legal cases meant that they had to start taking more care. Additionally, activist shareholders demanded that particular mathematical formulae be satisfied as a condition of giving out bonuses to top management, rather than being at anyone's discretion. What has happened in some companies is that the targets, which may have related to cost reduction, customer service, delivery of a major programme, or sales as well as profits (and required, say, four out of six targets to be met), became fixed with no wiggle room, and these might have been mathematically met, triggering the bonus. The company was then completely tied up in knots and could not back out of it.
Yes, I can see how our increasing litigation culture has impacted on the system of bonuses.
The argument given against a ban on bank issuing bonuses except where there is an improvement in financial position is that if results from customer surveys show that people are happier with the branch staff than 12 months ago, some of whom are on around £15,000 per annum, then can the branch staff not have a bonus for improved performance even if the bank is less profitable than 12 months ago.
I am not against that, provided that the bonus is proportionate to salary and clearly linked to significantly improved performance within the unit.
I don't think it would be right to pay double or treble the salary if, for example, overall customer satisfaction with the branch had improved from 52% to 54%. If the target was to get the satisfaction up to 65%, which would result in a 5% bonus, or 70% for a 10% bonus payment, then that would be different!
The real reason we are against bank bonuses is that they are excessive. They smack of greed, indeed I suggest that is exactly what they are. Furthermore the government used £500 Billion to bail out the various banks in 2008. This is over a third of our national debt and guess who is paying the price? The bankers? No. The rest of us.So any sympathy for bankers, or feeling that theirs is not a bed of roses? None at all. Just be lucky to have a job, accept no pay rises for the same period as others and never consider a bonus. Once the public has all its money back and the economy is thriving then maybe, but also make sure that you never get as greedy as you did in the 80s, 90s and 00s again.
I can't argue against much of that. even if it is factually incorrect, it's how many people feel when they are being told that 'we are all in it together' then hear about seven figure bonuses for some in the industry.
I keep getting told on here that I'm not allowed an opinion on rail staff because I'm not one (and must therefore be bitter/ jealous/ envious etc etc

), so I thought I'd apply the same "logic" to bankers.
You are entitled to have an opinion, and to express it, provided that it is not in contravention of the forum rules!
