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Makayla O.
@mak_oo16
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.
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Thea F.
@theaf511
The Pros and Cons of Employee Incentive Programs
Tips To Establish A Benign Incentives Program
- Ongoing feedback from both customers and employees can help provide an indication of how well these programs are working.
- Deal with issues directly and transparently to ...
The Cons Of Incentive Programs
- 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.
The Pros Of Incentive Programs
- 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.
- Encourages Retention: A good incentive program increases employee job satisfaction and overall loyalty to the organization.
Kaleb
@kaleb45
The Art of the OKR
Objectives and Key Results (OKR)
The Objective is qualitative, and the KR’s (most often three) are quantitative.
They are used to focus a group or individual around a bold goal. The objective sets a goal for a set per...
Objectives
Your objective defined in a single sentence should be:
- Qualitative and inspirational. The objective is designed to get people jumping out of bed in the morning with excitement.
- Time-bound. You want it to be a clear sprint toward a goal, doable in a month or a quarter.
- Actionable by the team independently. Your Objective has to be truly yours, and you can’t have the excuse of “marketing didn’t market it.”
Key Results
Key results take all that inspirational language and quantifies it.
You create them by asking a simple question “how would we know if we met our objective?”
Logan
@log62
6 Science-Backed Ways to Make Your Office More Productive
Introduce some greenery
One study found that workers in spaces with plants showed a 15 % higher productivity compared to those in plain...
Show appreciation
Creating motivation and making your team feel appreciated is a critical part of long-term productivity.
Encourage your team to keep gratitude journals - writing down a couple of sentences about what you are currently grateful for a couple of times a week. This practice improves productivity by increasing happiness.
Create some privacy
If people can't focus on their work, they are less effective in areas like collaboration and learning, and they are less likely to be satisfied with their jobs.
Workplaces with a balance between individual focus and collaboration are more innovative, creative and encouraging.
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