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Incentives complexity

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Incentives complexity

  1. 1. Incentives Complexity
  2. 2. Incentives may have a sweet topping; but underneath they may be deleterious
  3. 3. How?
  4. 4. Let us start on our discovery journey
  5. 5. There is complexity in motivation and this complexity warrants greater attention
  6. 6. The motivation to give incentives will work up to a certain range (optimal range). Say, somebody welcomes monetary incentives. This is correct up to a limit, when the same person might seek different incentives such as more work responsibility.
  7. 7. There is a switch over of preferences
  8. 8. A second point is the realization that there exists a feedback mechanism that might lead to non-linear results.
  9. 9. Giving more money to an employee will motivate him. This motivation increases his productivity and desirability to do more work, which in turn enhances his eligibility for more financial incentives
  10. 10. The Feedback Loop
  11. 11. These positive feedback interactions lead to surprising results that are non-linear
  12. 12. Imagine if same employees keep getting the majority of financial incentives
  13. 13. Big financial incentives create disparities These disparities weaken any system such as organizations
  14. 14. Eggshells would be very hard to break if they were thicker
  15. 15. Thick cement blocks are easy to break the more disparity there is in their voids
  16. 16. Else, the organization will become like…. Do not allow for disparity in your organization
  17. 17. Shutters Fragile Glass-Like Organizations
  18. 18. 1 more point
  19. 19. People future rewards are based on today's rewards
  20. 20. This may lead to widening the gaps within organizations
  21. 21. Beware of the inflation of incentives
  22. 22. Do not limit your incentives to monetary ones; mix them with other incentives such as traveling

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