031. Punishment or reward are the main drivers of employee performance

  1. 1. Pro: Reward systems can significantly boost motivation and productivity by recognizing and encouraging positive behavior.
    Harvard Business Review: [The Power of Rewards]
    https://www.empuls.io/glossary/reward-system
  2. 2. Con: Relying heavily on punishment can create a fear-based work environment, reducing morale and stifling creativity
    Psychology Today: [The Downsides of Punishment]
    https://www.psychologytoday.com/us/blog/feeling-our-way/201401/punishment-doesnt-work
  3. 3. Unsure: The effectiveness of punishment and rewards varies depending on the individual and the organizational culture.
    Society for Human Resource Management (SHRM): [Motivation Strategies]
    https://www.shrm.org/topics-tools/news/evolving-company-culture-base-pay-to-variable-rewards
  4. 4. Pro: Performance-based rewards can lead to higher engagement and a sense of achievement among employees.
    Gallup: [Employee Engagement]
    https://www.gallup.com/workplace/285674/improve-employee-engagement-workplace.aspx
  5. 5. Con: Excessive focus on extrinsic rewards can undermine intrinsic motivation, leading employees to work only for incentives.
    Inc.: [Intrinsic vs. Extrinsic Motivation]
    https://www.psychologytoday.com/ie/blog/creative-leadership/202004/extrinsic-vs-intrinsic-motivation-at-work
  6. 6. Unsure: A balanced approach, combining intrinsic and extrinsic motivators, might be the most effective way to enhance performance.
    McKinsey & Company: [Motivation and Rewards]
    https://www.mckinsey.com/business-functions/organization/our-insights/motivating-people-getting-beyond-money
  7. 7. Pro: Clear and consistent reward systems can help align employee goals with organizational objectives.
    Business News Daily: [Benefits of Reward Systems]
    https://www.businessnewsdaily.com/9240-engaging-employee-incentives.html
  8. 8. Con: Punitive measures can lead to a toxic workplace culture and high employee turnover.
    Forbes: [Negative Effects of Punishment]
    https://www.apa.org/topics/healthy-workplaces/toxic-workplace
  9. 9. Unsure: The role of punishment and reward in driving performance depends on the specific context and the nature of the tasks.
    MIT Sloan Management Review: [Motivation at Work]
    https://www.verywellmind.com/the-incentive-theory-of-motivation-2795382