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If you want to increase productivity, let an algorithm decide the incentives

Workplace Insight

Targeting workers with different incentive schemes based on their individual characteristics leads to greater performance and increased productivity and is much more effective than a one size fits all approach, according to new research from Frankfurt School of Finance & Management and published in the Management Science Journal.

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Why Today’s Incentive Thinking Is Different

Achievers

As the Forbes Coaches Council puts it, “In decades past, motivating employees was all about raises, promotions, and bonuses. The Beginning of Management Science. The examination of work incentives really began in the “ scientific management era ” from the late 1800s to about 1920. Twentieth Century Workplace Traditions.

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3 Tech Tools No HR Department Should Be Without

Insperity

Let’s take a look at three key technology systems that, when working in unison, can help you go from feeling like an office manager to finally feeling like the HR director. Performance management software. Managers often don’t complete performance reviews on time, or at all. Payroll software.

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3 Tech Tools No HR Department Should Be Without

Insperity

Let’s take a look at three key technology systems that, when working in unison, can help you go from feeling like an office manager to finally feeling like the HR director. Performance management software. Managers often don’t complete performance reviews on time, or at all. Payroll software. The value of integration.

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Is Your Annual Incentive Pay Plan the Right Fit For Your Business?

Insperity

But you can make up for its shortcomings by supplementing with the addition of one or more alternative incentive plan options out there: Bonuses: A one-time reward for attaining a goal (not necessarily year-end, within any agreed-upon time period). And finally, talk to your employees. Help is just one click away.

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Is Your Annual Incentive Pay Plan the Right Fit for Your Business?

Insperity

But you can make up for its shortcomings by supplementing with the addition of one or more alternative incentive plan options out there: Bonuses: A one-time reward for attaining a goal (not necessarily year-end, within any agreed-upon time period). And finally, talk to your employees. Help is just one click away.