Clydes switches to merit-based pay
Clyde & Co has shaken up its pure lockstep to a three-gated remuneration structure based on merit. The ;firm’s ;previous system began with 46 profit-sharing units and ended with 100, supplemented by a 5 per cent performance-related element. The new system, however, sees partners move through gates every three years, reaching plateau within 10 years. […]