Does performance based bonuses motivate staff?

[Etini]

Do performance-based bonuses really motivate employees? Some argue that it creates a competitive work environment, while others believe it boosts productivity. Also, it can cause unhealthy competition among staff.

Do you think these kind of bonuses are healthy for an organization?

 

[Spider]

This is how all companies should pay bonus and should provide increment to it's employees as it'll motivate them to work hard and reach goals.

 

[junrose123]

There is always an advantage and disadvantage on this method or strategy that are being use by most companies at work. It really boost the competitiveness of the employees but on the other hand it really creates an unhealthy environment because most employee will do everything for the incentive bonus.

 

[Etini]

I think the keyword here should be balance. Balance should be utilised when you are giving out bonuses to your staff. You should not be over doing it.

 

[Salt]

The employees should be paid as per their work and how they complete their duties and most of the big companies pay like that and those who are not working as per their roles are punished with demotions

 

[Spider]

I think the keyword here should be balance. Balance should be utilised when you are giving out bonuses to your staff. You should not be over doing it.

Most of the companies ask their Managers or respective head of departments to rate their employees so this thing can be fair for some and not good for others

 

[Manas]

Organizations must examine the possible influence of performance-based incentives on employee motivation and morale before deciding on the sort of bonus system that is most suited to their workforce. A mix of cash incentives and non-monetary benefits, including as recognition and professional development opportunities, may be a more effective strategy to inspire employees in some instances.

 

[Salt]

I have heard about companies paying at flat rate but this is the worst way as it won't motivate the hard-working employees and make them stand in the same row as inefficient workers

 

[Nsikan]

I think it is a good way to increase the output of your staff. When they know they can earn more, they would want to work harder. It is a good morale booster.

 

[Bisolami]

I think it is a good way to increase the output of your staff. When they know they can earn more, they would want to work harder. It is a good morale booster.

It motivates staffs a lot because they all will be willing to do more so that they can get more money.

 

[Salt]

This is the way to motivate employees to work hard and if a company is paying at flat rate to everyone then it will backfire soon

 

[Nsikan]

It motivates staffs a lot because they all will be willing to do more so that they can get more money.

What people don't understand is that money is the motivation to work and more money is more motivation.

 

[Good-Person]

The employees should be paid as per their work and how they complete their duties and most of the big companies pay like that and those who are not working as per their roles are punished with demotions

I have worked in a company where there was performance-based bonus. However, the fact remains that it used to be just too high and rarely people used to achieve the bonus.

 

[Bisolami]

What people don't understand is that money is the motivation to work and more money is more motivation.

Money is the reason why we are working and the best way for us to get motivated is to make more money.

 

[Good-Person]

Money is the reason why we are working and the best way for us to get motivated is to make more money.

Of course money is one of the biggest factors that motivates many people. The fact of the matter is that we cannot overlook it.

 

[Bisolami]

Of course money is one of the biggest factors that motivates many people. The fact of the matter is that we cannot overlook it.

That is true and this is why some workers do not cherish awards. They will rather appreciate money than appreciating awards.

 

[Salt]

I have worked in a company where there was performance-based bonus. However, the fact remains that it used to be just too high and rarely people used to achieve the bonus.

By performance based it also means if the person is doing better than others or is mostly absent and not working hard so companies should also take these things into consideration

 

[Bisolami]

By performance based it also means if the person is doing better than others or is mostly absent and not working hard so companies should also take these things into consideration

That is what the majority of companies that I know take into consideration. They judge you based on how much work that you do

 

[Nsikan]

That is what the majority of companies that I know take into consideration. They judge you based on how much work that you do

The reward system should seek to benefit those that have actually worked hard. And they have also contributed to the overall growth of the organization.

 

[Salt]

If they are paying on a flat scale then it will set a bad example and they need to pay as per performance only