Friday, March 24, 2017

The Management Tip of the Day from Harvard Business Review

 


THE MANAGEMENT TIP OF THE DAY: Harvard Business Review

March 24, 2017

Give Your Team Both Collective and Individual Rewards


As a manager, it’s your job to foster and encourage team identity. Research shows that even selfish individuals become cooperative — and possibly altruistic — when they feel that they’re part of a group. So how do you strengthen your team’s identity? Reward behavior that advances the goals of the group, rather than the individual. Offer your team bonuses, recognition, raises, flexibility, and opportunities based on the entire group’s performance. To avoid free-riding, individual rewards should be given to individuals who make important contributions to the team’s success. This rewards indispensable team members — the unsung heroes who work late, cover for colleagues, and enhance the success of the group. Combining individual and collective rewards ensures that individual members are encouraged and motivated to pursue the team’s goals and help the team succeed.

Adapted from "The Problem with Rewarding Individual Performers," by Jay Van Bavel and Dominic Packer


FEATURED PRODUCT

Introducing the new HBR Link App

Share Harvard Business Review content with HBR Link, a new app that lets you share magazine articles instantly with your team, colleagues, and friends. Just download the free app from iTunes or the Google Play app store. Look for the HBR Link logo in the latest issue of HBR. Then scan the page with the logo to share the article with your team. Get HBR Link today and start sharing.




FEATURED PRODUCT

HBR’s 10 Must Reads Boxed Set with Bonus Emotional Intelligence

Harvard Business Review

Maximize your own and your organization’s performance with the most important ideas on management—now available with bonus HBR’s 10 Must Reads on Emotional Intelligence. We’ve combed through hundreds of Harvard Business Review articles on topics including leadership, strategy, managing people, and managing yourself and selected the most important ones to help you succeed. From Clayton Christensen and John Kotter to Peter Drucker and Michael Porter, each book is packed with enduring advice on our most sought-after topics from the best minds in business.

Buy Now



ADVERTISEMENT


 

No comments:

Post a Comment