Question
Kim believes her company to have an Innovation business strategy and trialled a bonus reward strategy last year where designer/developer staff earned bonuses for innovative
Kim believes her company to have an Innovation business strategy and trialled a bonus reward strategy last year where designer/developer staff earned bonuses for innovative software solutions based on a detailed and challenging performance criteria. At the Staff Christmas party, Kim presented certificates of achievement to the staff who met the performance criteria and paid bonuses between $5,000 to $15,000 based on their performance. Overall employee performance increased by 20%, but Kim has read that money often is not an effective motivator, so she is wondering if the increase in performance is purely due to the bonus or if other factors may be at play. Advise Kim usingExpectancy Theory of Motivation how bonuses may improve motivation and offer suggestions of what other factors may be at play in explaining the increase in performance in this situation.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started