The Incentive Research Foundation has released the Winter 2019 issue of the IRF Quarterly Academic Review, which focuses on the role of incentive design in building workplace culture.
“More than ever, organizations depend on employee creativity, ideas, knowledge-sharing, collaboration and other pro-social behaviors that build strong cultures based on trust,” said Allan Schweyer, IRF chief academic advisor. “Rewards play a powerful role in helping leaders build the type of workplace culture that attract, retains, and engages high-performing talent.”
The quarterly presents academic research summarized into the key findings and takeaways most relevant to incentive program owners and designers. Key insights and ready-to-apply takeaways from the winter issue of the IRF Quarterly Academic Review include:
- People engage and perform better when they believe their work has meaning and makes a difference.
- Intangible rewards, like pure recognition, boost employee creativity.
- Reliance on tangible rewards alone can result in reduced employee creativity.
- Organizations that desire greater knowledge and idea-sharing should specifically target those behaviors with material rewards.
- Learn each team member’s interests and what motivates them in order to design the most effective incentives, including assigning challenging and meaningful tasks.
To view or download a copy of the IRF Quarterly Academic Review, click here.