In this article that I read, providing incentives to employees such as pay or stock programs can boost motivation, retention of employees, and having competitors a lower chance of recruiting a company’s employees. Due to the fact that employees pay is very less than executives and CEO’s, companies have offered employees equity based compensation arrangements, which can boost employee motivation so that they work harder to earn more and if they work less they earn less. I feel that this concept is true due to the fact if working a commission job, I would work harder and put in longer hours knowing the benefits of that would increase my paycheck, or at least hope. The article also talks about linking employee compensation to the overall performance of the company kind of a like a bonus for all the team members. I feel that this would be a strong motivator for employees because that potential bonus will constantly be in the back of their minds for them to perform better. Also, employee stock purchase programs are great because the employees can purchase the stock usually at a lower price and the harder they work, chances are the price of the stock would go up. This means the employee gets more money in the long run by having that stock. In general, I do feel incentive programs to boost motivation for employees as long as the employee himself sees that the incentive is attainable and not just there to fool them.
-David Harbeck
-David Harbeck
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