The Bonus Employees Really Want
Does giving employees extra money to spend on whatever they choose make for a happy workplace? Surprisingly, individual financial rewards can be detrimental to morale; jealousy and competition can arise, damaging team dynamics. Consider switching to a more altruistic program, in which you provide employees the same bonuses with one caveat: A portion must be spent on "prosocial" contributions that benefit others, like charities. At a company which gave employees charity vouchers, and encouraged them to contribute to a cause of their choice, people reported being more satisfied with their jobs and happier overall. Another organization asked employees to spend on each other: Some teams indulged in chocolate or wine; one team bought a piñata, which they gladly bashed together. Prosocial bonuses resulted in gifts that increased shared experiences—and teams that received them performed better than teams that received money to spend only on themselves.
Adapted from "The Bonus Employees Really Want, Even If They Don't Know It Yet," by Lalin Anik and Jordi Quoidbach.
The Innovator's Solution: Creating and Sustaining Successful Growth
HBR Press Book
A seminal work on disruption—for everyone confronting the growth paradox. For readers of the bestselling The Innovator's Dilemma—and beyond—this definitive work will help anyone trying to transform their business right now. Clayton Christensen and Michael Raynor expand on the idea of disruption, explaining how companies can and should become disruptors themselves. This classic work shows just how timely and relevant these ideas continue to be in today's hyper-accelerated business environment. Christensen and Raynor give advice on the business decisions crucial to achieving truly disruptive growth and propose guidelines for developing your own disruptive growth engine. The authors identify the forces that cause managers to make bad decisions as they package and shape new ideas—and offer new frameworks to help create the right conditions, at the right time, for a disruption to succeed. This is a must-read for all senior managers and business leaders responsible for innovation and growth, as well as members of their teams.Buy It Now