Rewards and incentive programs are a part of professional life for many. But, do they actually do what they're supposed to do – make us work more productively? Research has indicated that while these programs might make people work harder, they might not help anyone work smarter. Is performance really improved by incentive programs and rewards? Let's take a look at some of the most recent findings on the matter.
As PayScale has reported in the past, the crazy perks that employers sometimes offer to lure potential hires or satisfy existing ones can be unusual and/or extremely valuable. While it goes without saying that you'd be hard-pressed to find an employee willing to work without monetary compensation — it's called a "job" for a reason, after all — some companies have advanced the ever-escalating incentives competition even further by offering cash-based benefits on top of existing salaries or wages. From hiring bounties and quitting bonuses, a staff liquor fund, and even a budget to overcome your fears (seriously), here's a list of the top cash-based incentives that employers have implemented in order to stay competitive in attracting quality talent.
One CEO is taking employee benefits to the next level – the next generation, to be exact. Boxed CEO Chieh Huang is offering to pay college tuition for all of his employees' children as an incentive to remain loyal to the online wholesaler. Seem too good to be true?