Incentives: The Importance of Rewarding Your Employees - Deepstash

deepstash

Beta

deepstash

Beta

Deepstash brings you key ideas from the most inspiring articles like this one:

Read more efficiently

Save what inspires you

Remember anything

Incentives: The Importance of Rewarding Your Employees

https://www.huffpost.com/entry/incentives-the-importance_b_10972834

huffpost.com

Incentives: The Importance of Rewarding Your Employees
Following years of hard-fought negotiations by labor interests, the minimum wage was recently raised in several U.S. states this year, and the impact has been evident. Not so much an economic impact, or even the social im-pact that will help make life easier for the thousands who have experienced wage stagnation through the years.

1

Key Idea

Save all ideas

Rewarding To Maximize Motivation

Rewarding To Maximize Motivation

The expectation of rewards may decrease the spontaneous interest in the activity to be rewarded. So it’s important to understand what the rewards should be and how they should be awarded to avoid this side effect.

Rewards should go beyond the usual healthcare and salary raise to provide a good work environment. The ideal is a corporate culture that recognizes good employees with nice perks and words of encouragement, but also provides a setting where people can grow, be heard, take ownership of their work and feel they have a purpose. 

18 SAVES


VIEW

SIMILAR ARTICLES & IDEAS:

Tips To Increase Motivation On Business

Tips To Increase Motivation On Business
  • Productivity is what keeps businesses alive and incentives increases it. They might be an incentive in how your office culture is, or how you reward great work – but incentives that dri...

Two types of motivation

Motivation is categorized into two basic types: Extrinsic and intrinsic.

  • Extrinsic motivation is related to external forces like money or fame.
  • Intrinsic motivation

Money as a motivation

Money as a tool for motivation is limiting at best, and the 'carrot and stick' approach many managers use to motivate employees is will actually achieve the opposite effect of what was intended.

Conditional rewards

‘If, then’ rewards or conditional rewards are when we promise to give something to an individual when they complete a certain task.

These rewards can have a negative impact on motivation as the employees lose the will to work on that task for the sake of working.

3 more ideas

How Social Environments Influence Creativity

How Social Environments Influence Creativity

As we grow older, we take cues from our environment and become serious and rigid, conforming to the norms and rules imposed upon us.

Our social environment, especially our ...

How The Meaning of "Being Creative" Changed

In the 70s, creativity was thought of as a trait, something a few geniuses have, and the rest of us do not.

New studies show that ‘extrinsic’ motivators, factors outside ourselves, can influence our creativity. Competition, evaluation, level of strictness along with rewards and punishment play a huge factor in a person’s overall creative levels.

How To Kill Creativity

Knowledge that someone will check, evaluate and grade one’s work, surveillance, a promise of a reward, threat of a punishment, creative constraints, competition and motivating factors like power, money and fame can kill creativity.

Rewards generally provide the individual with a feeling of being controlled, but can also enhance creativity in some cases.