What are some effective case studies on incentive programs?

What are some effective case studies on incentive programs?

There are several interesting case studies on incentive effectiveness. For instance, a study by the University of Chicago showed that financial incentives significantly increased employee productivity in a manufacturing setting.

Can you provide more details about that study?

Sure! The study involved a manufacturing company that implemented a bonus system based on output. Employees who met their targets received a 10% bonus, which led to a 20% increase in productivity over six months.

What other types of incentives have been studied?

Incentives can be financial, like bonuses, or non-financial, such as recognition programs. Studies have shown that non-financial incentives can also boost morale and engagement.

Are there any case studies on non-financial incentives?

Yes, one notable case study involved a tech company that implemented a peer recognition program. Employees reported higher job satisfaction and collaboration after its introduction.