In a previous post, we discussed some of the benefits of a team-based incentive plan, whereby bonuses are awarded based on the success or shortcomings of an entire team and not on specific individuals. In this post, we’ll look at some of the drawbacks of this approach.
Category: Company Culture
This topic pertains to articles about the relationship between company culture and training are explored. For example, a good safety culture at a company might make training more effective while a poor safety culture can serve to undermine training efforts.
There are a variety of ways that organizations can reward employees to encourage continued commitment and high productivity. And, while employees often vary widely in the level to which they value various types of rewards, bonuses are a commonly used tool that tend to provide value for most employees.
In yesterday’s post, we explored the benefits of making your employees shareholders of your organization. Today’s post will cover the drawbacks and challenges behind making your employees shareholders.
After the introduction of the Accountable Capitalism Act last year, many organizations are starting to explore different ways to offer their employees a stronger voice, more business equity—essentially, more “skin in the game.” Many start-ups have already been offering their employees shares and stakes in their company for years because they don’t have many other […]
With the significant advancements in technology, the workplace has continued to evolve over the past century at rapid rates. And if one thing is certain, it’s that change is still constant and inevitable in the workplace in 2019 as well.
A good “fit” has long been an important consideration for employers when evaluating job applicants. Even an employee with stellar work and academic credentials may not be a great hire if he or she doesn’t seem to have the personality and values that mesh with the organization’s culture.
Employee satisfaction is often used as a bit of a soft metric when it comes to business goals. While in general, given the choice between having high versus low employee satisfaction, we can assume that most companies would almost certainly choose the former, there may be other goals with more quantitatively measurable impacts that take […]
As you work on designing and implementing your leadership development programs, here are five things you’ll want to make sure your business leaders know how to do right now and over the course of the next few years.
According to results from a recent survey, men reported greater access to training for technical skills and soft skills compared to women, making them more likely to participate in those training programs. And therefore, they’re also more likely to wind up in leadership roles and more desirable roles overall, leading to a gender gap in […]
In a previous post, we discussed the challenges that can occur for organizations, and teams within organizations, when incentives aren’t properly aligned.