6. Incentives Must Be Meaningful - Deepstash

6. Incentives Must Be Meaningful

  • Bonuses and rewards only work if they truly matter to employees.
  • Generic incentives don’t motivate everyone equally.
  • Leaders should personalize rewards based on what employees value.

54

376 reads

CURATED FROM

IDEAS CURATED BY

anupchouhan

✍️Curious writer sharing big ideas ✨ in simple, quick reads 📚. Follow for more content! 🔥💡 👇 Check out this link for more from me

The Workplace Secret Your Employees Won’t Tell You!

Similar ideas to 6. Incentives Must Be Meaningful

Incentives

Rewards and incentives vary according to personality type.

  • The fear-based strategies that instil insecurity in the employees (The Stick) work well with the prevention-based employee.
  • 'Carrot' based strategies that are rewarding success, work best with the promotion-based emp...

What Are the Cons of Incentives?

What Are the Cons of Incentives?

  1. Create conflict: those who don’t receive incentives may be jealous of those who do regardless of merit. Those who receive incentives might also be upset if they worked harder than others to get the same reward.
  2. The focus of work becomes competitive instead of being focu...

Think long-term on diversity

Think long-term on diversity

Leaders can only create a culture of belonging for their employees when they have a diverse leadership team.

Employees can’t thrive if they feel like they don’t belong. Employees need a comfortable climate, a network, and the knowledge that the leadership team is a des...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates