Compensation and Benefits and FeaturedDec 18, 2018 How to use team rewards effectively Key points Team rewards can help improve team performance. Incentives to teams have stronger effects with small teams, when the team faces complex tasks, when rewards are equitable (vs equal) and when they are perceived as fair. When you design your reward strategy, consider organizational and local culture, and use feedback, praise and recognition too.Continue Reading
Compensation and Benefits and FeaturedMar 6, 2017 External Incentives and Internal Motivation – a perfect pairing to boost work performance! 1) Work results depend on a person’s internal motivation. 2) The belief that money or bonuses can decrease employees’ internal motivation is only partially founded – financial rewards and recognition can sometimes increase the positive relationship between internal motivation and work performance. 3) While enjoyment may be more beneficial for complex activities, incentives seem to matter more for straightforward, repetitive work.Continue Reading