As enlightened employers look for ways to boost employees' health and well-being, a new kind of corporate culture is emerging, one that recognizes that healthy, happy employees, the kind who balance work with play and who nurture both their professional and personal passions, are more likely to make a company great-and to stick around for the long haul.
May Encourage Deception: Employees may look for ways to make their performance appear to be good when it isn’t.
Misaligned Incentives: poorly conceived ones may incentivize risky and irresponsible behavior that undermines the mission of the company.
Can Lead to Conflict: iI competitive workplaces with limited rewards, employees may engage in bad behavior to get ahead or become convinced that pursuing incentives is a zero-sum proposition and become resentful.
Incentives are a great way to encourage focused results. People need to have some level of motivation in order to be productive. It may be a paycheck they can rely upon, the thanks of a supervisor, or even the satisfaction of a job well done.
Create conflict:those who don’t receive incentives may be jealous of those who do regardless of merit. Those who receive incentives might also be upset if they worked harder than others to get the same reward.
The focus of work becomes competitive instead of being focused on quality and people will only work as much as it takes to earn the incentive.
It eliminates productivity for everyone except top performers who are more benefited by incentives.
Incentives can become quite costly as they need to continue to rise on a scale of cost in order to remain effective.
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