1 option
Do Awards Yield Better Results in Enhancing Performance than Monetary Incentives?.
- Format:
- Video
- Series:
- Academic Video Online
- Language:
- English
- Subjects (All):
- Employee motivation.
- Incentives in industry.
- Physical Description:
- 1 online resource (11 minutes)
- Place of Publication:
- [Place of publication not identified] : Latest Thinking, [date of publication not identified]
- System Details:
- video file
- Summary:
- Monetary incentives, even though apparently efficient in driving performance of workers, have drawbacks, explains BRUNO S. FREY. They can result in a reorientation of workers from their focus on quality towards merely meeting objectives. The experiment presented in this video studies the impact of replacing monetary incentives with symbolic awards. The positive effect on the performance of workers highlights the potential of a well calibrated award environment. The individual's needs for recognition and acknowledgement of efforts show to be key elements in boosting intrinsic motivation.
- Notes:
- Title from resource description page (viewed August 24, 2020).
- Part of the metadata in this record was created by AI.
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