Six Reasons Rewards Don’t Work
Rewards do not always work in business. There are several reasons why this might be the case, but six are the most common.
1. They are not enough.
Reward systems are often based on the idea that if something is given, then someone should be happy with it. However, this is not always the case. Sometimes people may not receive the rewards they hope for, or may not be given the right type of rewards.
2. They are not transferable.
If rewards are not transferable, then they are not likely to be useful. This means that they may not lead to long-term success.
3. They are not sustainable.
Rewards systems often rely on certain rules, which can be difficult to change or maintain. This can lead to unstable and unsuccessful businesses.
4. They are not effective.
Reward systems are often designed to motivate people rather than achieve anything. This can be ineffective in the long run, as people may not stick around for long periods if they do not see any rewards.
5. They are not equitable.
Reward systems can often be skewed in favor of those who are already doing well. This can lead to resentment and conflict among those not already doing well.
6. They are not fair.
Reward systems can often be unfair because they do not always give everyone the same opportunities. This can lead to resentment and conflict among those not already doing well.