Bite‑sized knowledgeto upgrade
your career
to upgrade
your career
Ideas from books, articles & podcasts.
Effects Of Incentives On Business
- Motivational Tool: Incentive programs motivate employees to be more productive and consequentially increase the company’s earnings.
- Promoting Teamwork: members of teams that earn bonus according to collective productivity may support and encourage each other to perform at top levels.
- Morale Boosters: if employees see a direct correlation between effort and earnings morale and job satisfaction increases while turnover and absenteeism decreases.
- Service Levels: employees competing for or striving to meet the goals of an incentive plan may provide higher degrees of service to your customers.
1
STASHED IN:
31
published ideas from this article:
MORE IDEAS FROM THE SAME ARTICLE
- Goals and objectives should be clearly defined for staffers.
- Workload should be equitably distributed to avoid resentment from staffers who feel they have to carry poor-performing team members.
- Consider both individual and group incentives to promote the...
MORE LIKE THIS
- When people talk about corporate culture, they’re typically referring to cognitive culture: the shared intellectual values, norms, artifacts, and assumptions that serve as a guide for the group to thrive.
- The other critical part is what we call the group’s...
3
STASHED IN:
17
Happiness and satisfaction are subjective concepts – while for some of us monetary benefits can be equated with job satisfaction, some might strive for recognition of their hard-work and lose motivation on failing to achieve so.
No matter what the standards are, being content wit...
1
STASHED IN:
346
published 6 ideas
Totally reliable members are like gold. Delivering work on time every time is priceless.
8
STASHED IN:
186
published 10 ideas
❤️ Brainstash Inc.