The research arm of the Society of Incentive & Travel Executives has released research results that tout the value of incentives in today's austere business climate. The research report by the SITE Foundation, "Incentives, Motivation and Workplace ...
The research arm of the Society of Incentive & Travel Executives has released research results that tout the value of incentives in today's austere business climate. The research report by the SITE Foundation, "Incentives, Motivation and Workplace Performance: Research and Best Practices," was based on a review of published research from 1960-2000; a summary of past research; and a survey of 145 U.S. organizations using incentives. Key survey findings include:
Incentive programs aimed at individuals increased performance 27%; programs aimed at teams increased performance 45%.
Ninety-two percent of surveyed workers said they achieved their goals because of incentives.
Incentives have an equally positive impact on quality and quantity goals.
Incentive programs that include employee input work best; however, only 23% of incentive programs are selected with employee input.
