Difference between group incentives and individual incentives
Answers
Group Incentive Considerations
Group incentive programs can foster an atmosphere of teamwork and cooperation in an organization. Top performers may be more willing to help those who are struggling or are new to the organization when rewards are based on the performance of the group as a whole. On the other hand, top performers may come to resent underachievers that they view as unwilling or unable to make an equal contribution to the effort.
Individual Incentive Considerations
A major benefit of individual incentive programs is that they reward top performers for their efforts and can serve as a motivating force for goal-oriented employees. They may also help to motivate underachievers who previously may not have seen the purpose in putting forth extra effort. Potential drawbacks include the creation of a "dog eat dog" work environment where every worker puts her interests ahead of those of her co-workers and workers pushing the boundaries of ethical behavior to reach their goals, such as a salesperson who lies to prospects just to make a sale.
Explanation:
Employers seeking ways to increase productivity without necessarily adding more workers may turn to incentive programs as a motivational tool. Incentive programs may be individual- or group-based in nature, depending on the type of organization and the particular objective it wishes to achieve. A number of factors help determine which type of incentive program is better for the organization.
Group Incentive Considerations
Group incentive programs can foster an atmosphere of teamwork and cooperation in an organization. Top performers may be more willing to help those who are struggling or are new to the organization when rewards are based on the performance of the group as a whole. On the other hand, top performers may come to resent underachievers that they view as unwilling or unable to make an equal contribution to the effort.
Individual Incentive Considerations
A major benefit of individual incentive programs is that they reward top performers for their efforts and can serve as a motivating force for goal-oriented employees. They may also help to motivate underachievers who previously may not have seen the purpose in putting forth extra effort. Potential drawbacks include the creation of a "dog eat dog" work environment where every worker puts her interests ahead of those of her co-workers and workers pushing the boundaries of ethical behavior to reach their goals, such as a salesperson who lies to prospects just to make a sale.