Incentive

The lore of ‘you get what you reward’ is also referred to as The Greatest Management Principle in the World. It’s based on more than a hundred years of psychological and workplace studies that suggest that specific behaviour, noticed, recognised and rewarded, tends to be repeated. Rewards, used effectively, have the power to improve morale, bolster productivity, enhance competitiveness, increase revenue and profit, decrease stress, absenteeism and staff turnover and lower related costs. It’s no wonder then that the actual rewards selected to leverage this sort of return on investment should be picked strategically and with great care.