Employee Incentive Programs

A 1994 Baylor University study found that employee incentive programs are an effective way to maximize production and boost employee morale, especially when an award accompanies the recognition. A survey of 1500 respondents produced the following results:

The TRUE statements are those with which respondents agreed; the FALSE statements are those with which they disagreed.

TRUE

• Employees like awards and incentives
• Employees are motivated to win the awards
• Employees work hard to win the awards
• Employees encourage each other to work toward awards and incentives

FALSE

• Employees are not interested in the awards or incentives, so the program has no impact on their behavior
• Employees do not believe they have a chance to win an award or incentive, so they don’t even try