The StartCanada Blog provides insights about some of the work that we’re doing; including web design / development, design thinking, social media marketing, small business information, trends, tips, ideas and inspiration for start-ups, professionals, non-profits and small businesses.
Bonuses are more effective when awarded to teams instead of individuals, according to new joint findings by the Universities of Leicester, Sydney and Western, Sydney.
The researchers found that group rewards generate more co-operative, better-performing teams and individuals, than individual-based rewards.
Importantly, the best and worst performers both did better work in a group bonus system. Poor performers, who would typically be at risk of being fired under individual reward systems, were found to be "essential to the effective functioning of the group," according to the researchers, who refer to them as 'self-sacrificers.' Why? They're the ones who put aside their own work to help colleagues in need. If they get sacked, the whole group falls apart.
Source/s: Canadian Business, February 2016
Photo: Angelo Narciso, Santa Claus Parade, Toronto.
StartCanada is a Canadian company that designs, develops and manages elegant and effective websites for start-ups, professionals, non-profits and small businesses. StartCanada also provides social media marketing services for its clients.
Angelo Narciso leads StartCanada and is involved with business development, the design thinking process of web design / development, website management and social media marketing.