How Effective are Monetary Incentives?

No matter who you are, productivity ebbs and flows. It’s not possible to sustain the same levels of productivity at all times—there are just too many factors that influence our ability to work. From the amount of sleep we get to the stress we’re under, we operate under many different influences all at once, which can have both positive and negative effects.

If you’re noticing a lack of productivity across an entire department or company, however, you may be wondering why it’s happening—and what you can do about it. If you’ve been thinking aboutdifferent ways to motivate your employees,然后你可能considering offering monetary incentives for better productivity or producing high-quality work. But will this actually motivate your employees? Is money enough to make them work harder and better?

Does Money Drive Productivity?

当你问人们如果货币激励措施在提高生产力方面有效,许多人会说是的。188宝金博网站在a study由英国的成因伙伴,85%的受访工作人员表示,在短期内被货币激励措施(个人或团队为基础)的动机。这些计划也被证明每周增加每周收益超过123,600美元。

On the surface, occasional monetary incentive programs seem to work wonders. Deeper down, of course, there are优点对各种方法。这些激励计划可能在短期内工作很好,但他们可以鼓励不健康的竞争,使一些工人感到无望和怨恨令人难以忍受的奖励,并且他们不会解决生产力的主要推动力:内部动机。188宝金博网站

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在ternal Motivation

为什么人们在非营利组织多年工作?当然,这不是钱。慈善组织没有提供最高的工资,因为他们有重要的工作,并没有出于利润。有关于150万美国的慈善组织,他们的人员由那些有驱动器的人民获得富有成效的原因。人们为这些组织献上了自己的生活,因为在国内促进他们:他们关心他们参与的事业,他们不需要有人提供奖励或惩罚,以使他们努力工作。他们受到他们可以为其他人完成的事情的推动。

Even employees who are part of a for-profit organization can find internal motivation, but it can be difficult to influence this externally. Offering engaging work, ensuring that leadership is inspiring and supportive, and making everyone feel like an important part of the company’s growth and progress are the main ways employers can help to encourage internal motivation in employees—not by offering monetary incentives.

A Temporary Solution

Offering monetary incentives (or alternatives like gift cards, vacations, and free lunches) is easy and simple. It takes almost no time to implement, and doesn’t require a lot of moving parts. It’s also viewed as a fair way for hard-working employees to pick up some extra cash. However, it’s not a long-term solution to productivity problems, and can usually only offer short-term benefits.

如果你看到士气低落,可怜的生产力,一个188宝金博网站d lack of engagement, chances are there’s something deeper going on in your organization. Take a hard look at what your leadership is doing, what you’re offering employees overall, and what could be causing long-term productivity losses. There’s almost always a reason behind poor performance—it’s not usually due to laziness or incompetence.

Focus on Progress and Opportunity

如果您想长期改造您的生产力,您可能希望考虑采取两件方法188宝金博网站。在短期内提供团队或个人奖励来帮助speed up growth—then start your investigation into the cause of the productivity issues. This way, you’ll be able to get some momentum going on the team while you work to make the system work better for your team and your company.

A Harvard Business School professor,Teresa Amabile,studiedwhat makes people stay engaged long-term, and found it was actually pretty simple: people like to make progress.Evidence showsthat offering goals that allow your employees to see the progress they’re making, creating clear paths for growth, and appreciating you team’s work will all go a long way toward increasing overall productivity.

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