Dear sir,
Yes, I agree that individual incentive and forced bell curve create difficulties and demotivate many while motivating only few.
However, financial incentive still remain one of the main motivating factor in Indian conditions and have seen performance of the organisation improving by over 30 % in six months based on a structured group incentive scheme in a multi unit multi product company.
Financial incentive scheme which is simple, transparent, open, structured and comprehensive based on group performance will continue to remain major motivator in India.
Regards,
Dr R P Singh
Managing Director & CEO
Total HR Solutions Pvt Ltd.
Delhi / Mumbai / Udaipur
Certified Leadership Grid Trainer (USA)
Fellow and Past President , ISTD
Former Head of HR, JK Cement and HZL,
Mb 9829753910, 8764311915
Web www.totalhrsolutions.org
Sent from my Cyanogen phone
--Researchers say, rewards can actually kill the intrinsic motivation and so it is to be delinked from the performance assessments. Other ways of rewarding employees through profit sharing, team accomplishments, etc. can have better motivational affects. All that the employee cares for is to be paid fairly as per the market standards and delinking performance appraisals not only relieves pressure from the managers and HR but also the employees.
Is it possible to develop an ecosystem in the organization where there is no performance appraisal?--EDUCATE, EMPOWER, ELEVATEProf. Bholanath DuttaVisionary Edupreneur, Founder & PresidentMTC Global: An Apex Global Advisory Bodyin Management Education, ISO 9001: 2008Partner: UN Global Compact I UN Academic ImpactCell: +91 96323 18178 / +91 81520 60465 / +91 7411716392
The views expressed are individual and not necessarily MTC Global also share the same views.
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