What are the long-term effects of incentive programs on employee performance?

What are the long-term effects of incentive programs on employee performance?

Incentive programs can lead to increased motivation and productivity, but their long-term effects can vary.

Can you explain how these programs might affect employee morale?

Certainly! While incentives can boost morale initially, over time, they may lead to competition among employees.

Are there any negative consequences of these programs?

Yes, potential negatives include burnout, reduced collaboration, and a focus on short-term goals over long-term success.

How can companies measure the effectiveness of their incentive programs?

Companies can use performance metrics, employee feedback, and retention rates to assess the effectiveness of their incentive programs.