A new bonus system for Citi’s top managers will reward cooperation.

Citi head Vikram Pandit and HR head John Donnelly are working on a new bonus plan that will reward “co-operation across different divisions and the performance of the company as a whole,” the FT reports.

The plan, a work in progress, is something Pandit wants to put in place before the end of the year. It’s unclear from the FT article whether the changes would affect just “top managers” or also junior staff.  A Reuters follow-up report cited an unnamed source who said the bonus system would change for “senior managers.”

An anonymous Citi executive told the FT: “The new compensation plan is absolutely crucial to put teeth behind Vikram Pandit’s strategy… We have to put a premium on partnership-like behaviour.”

A first step could involve “skewing bonuses to take into account how much shared business each manager generate.”