awards are like money, the only difference is the additional Zelebrationssbrimborium. - So much for stereotypes.
But science's wants to know more: The impact of awards on the work performance of employees?
is crucial is that awards have a clearly different effect character as a purely monetary compensation such as during a performance pay: sink While direct payment of benefits under various psychological studies, the intrinsic motivation can , increases the internal drive in indirect performance-based compensation awards.
A scientific study at a Swiss credit card company shows that, after receiving an award, the work performances of the award-winners in the following month increased by 6%. This result is remarkable since it contradicts the traditional image of homo economicus : The excellent people increase their commitment, even though they are already "paid" were . The opposition to the classical economic approach is reinforced by the fact that the monetary value of the "payment" is very low.
Another interesting finding is the non-occurrence of the opposite effect: those individuals who received no award, have not reduced in the following month their work performance. The results of this study are especially important for the discussion on performance pay. By remplacement of rate incentives by a labeling system can be contained by extrinsic incentives driven Eigennutzorientierung.
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