In the dynamic business world, motivating employees is akin to navigating a complex maze. As an incentive program manager, have you ever pondered the intricate balance between the type and frequency of rewards driving employee performance? The landscape of incentive compensation is evolving, with two pivotal trends at the forefront: the shift towards more frequent rewards and the growing preference for tangible rewards over cash incentives. But how do these trends impact employee performance? The answer lies not just in what we offer but also in how and when we offer it. This exploration explores the interplay between reward frequency and type and its consequential effects on employee motivation and performance. Consider how these insights could reshape your organization’s reward strategy as you read on. Have you ever wondered whether increasing the frequency of rewards enhances employee performance? And does the type of reward – cash or tangible – play a significant role in this dynamic? A recent study, “The Effect of Reward Frequency on Performance Under Cash Rewards and Tangible Rewards,” from the University of South Carolina in conjunction with Georgia State University and the University of Denver. Sheds light on these pressing questions. Researchers embarked on a journey […]

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