Performance-based rewards
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CloseIdeas for connecting performance to rewards and why this is important for the development of your staff.
Rewards can play an important role in motivating employees.
Victor Vroom of the Yale School of Management produced a motivational theory known as Vroom’s Expectancy Theory. The theory says that employees will be motivated to do certain things when they perceive that a certain reward will be forthcoming, so managers should tie rewards to performance.
This Wikipedia article explains Vroom's theory further.
Types of performance-based reward
Examples of rewards include:
- pay
- bonus
- working on a special project/task
- working with a particular colleague/team
- opportunity to travel (or not) for business
- promotion
- secondment to another area
- attending a course, seminar or exhibition.
Have your say
Does your organisation tie rewards to peformance? What are your views on this method?
Talk to others on the Managing staff forum.
