However, this does not mean that the flexible pay system that banks have grown to use (i.e. their bonus system) is a smart way of rewarding people.

FORBES: Bankers' bonuses: dubious use more than dubious ethics

The consortium said it wanted to provide an affordable pay, terms and conditions system that recognised and rewarded performance, while promoting greater productivity and creating a flexible workforce that was "fit for purpose in the modern NHS".

BBC: Unions angry at health consortium's ideas for South West