Killing the money myth

For reward to work, we need to tap into employee’s sense of fairness; the feeling that they’re being appropriately recognized for their efforts.

 

How do you motivate people to perform at their peak?

Traditional approaches to this age-old managerial struggle rely on monetary rewards in the hope that they’ll motivate.

However, time and again, research shows that this doesn’t consistently boost performance*. Worse still, there’s evidence that it can do the exact opposite**.

For reward to work, we need to tap into employee’s sense of fairness; the feeling that they’re being appropriately recognized for their efforts.

Our 30 minute webinar reveals:

  • Why recognition is worth more than monetary reward
  • The most common pitfalls of recognition, and five ways to get it right
  • What managers should be doing to get the most from their people and why money isn’t enough

The slide deck is now available to view here.