Idea #180
When Financial Incentives Backfire
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When Financial Incentives Backfire
KEY CONCEPT
Companies often rely on performance-based systems to reward their ‘smartest’ or most productive employees. But financial incentives can have unintended consequences. New research suggests that the smartest workers also tend to be the most skilled at playing performance-based systems for personal gain. Leaders need to look closely at the way they structure and design incentives — and reduce the risks of employees concentrating their efforts on activities that trigger rewards.
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Idea conceived
June 1, 2013Idea posted
Jul 2013
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