There is an interesting video
from a site called "Royal Society for the
encouragement of Arts, Manufactures and Commerce
(RSA)". It was done by a company called "Cognitive Media", and
it explains through analysing research done by institutions such as MIT
and Carnegie Mellon with quite a few countries around the world, why our
traditional ideas of reward may need re-examination.
For quite a few years, I have seen the concepts explained in this video myself when I was in my management career or as a business consultancy owner. When I have encountered this situation of "high reward potential, but low performance" I have often recommended alternative reward schemes and goal setting processes involving staff. This video and the underlying analysis is a good education for me and for all employers and managers to critically relook at their reward or incentive schemes and programmes.
For quite a few years, I have seen the concepts explained in this video myself when I was in my management career or as a business consultancy owner. When I have encountered this situation of "high reward potential, but low performance" I have often recommended alternative reward schemes and goal setting processes involving staff. This video and the underlying analysis is a good education for me and for all employers and managers to critically relook at their reward or incentive schemes and programmes.
Ingenuity
full
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