Whether it was a gold star on our school work or a packet of sweets from our grandparents, a reward was always something we worked hard to earn. A recent study has shown that this drive that takes over us when we are promised an award can be beneficial.
Stuart Hyland from Hay Group,the international global management consulting firm, points out that reward has become more visible and mission-critical on the workplace than ever before. This has given HR professionals a tougher job, as they now have to portray a better roll out pay and benefit packages.
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According to the Hay Group research 64% of organizations have opted to change their reward strategy within the next year. This indicates that professionals have come to the conclusion that rewards may hinder or help to deliver business objectives. Interesting read.
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