Incentives - Deepstash

Incentives

Rewards and incentives vary according to personality type.

  • The fear-based strategies that instil insecurity in the employees (The Stick) work well with the prevention-based employee.
  • 'Carrot' based strategies that are rewarding success, work best with the promotion-based employees.

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Exploring the evolving role of leaders in the current context.

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Feedback: Giving And Receiving

Promotion-focused employees like to receive feedback in which the manager is acknowledging and praising their excellent efforts. Prevention-focused employees respond well to criticism and the looming possibility of failure and try harder to achieve the goal when ...

Goal Framing

The right language, especially in framing a goal has a big impact on the performance of an employee.

  • The prevention-focused employee gets motivated by a different kind of language, which emphasizes on the inconvenience and the pitfalls of their assig...

The Pros Of Incentive Programs

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  • Increased Productivity: Rewarding the delivery of tangible results reinforces that good work will be rewarded. 
  • Strengthens Succession Pipeline: Employees often try to improve their skills in the pursuit of incentives, ultimately increasing their own efficiency.&nb...

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