From the course: Creating a Culture of Collaboration
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Incentivize employees to collaborate
From the course: Creating a Culture of Collaboration
Incentivize employees to collaborate
- Most incentive programs are designed to reward individual performance, not team accomplishments. But as research grows about the value of collaboration, it's essential that companies find ways to incentivize and reward collaborative behaviors. Companies like 3M, PepsiCo, and others already use diverse approaches to incentivize collaboration. Rewards can be financial, experiential, or focused on public recognition and nonfinancial gifts, whatever best reflects your company culture and motivates teamwork. At tech company DigitalOcean, teams who demonstrate collaborative behaviors are rewarded with nonfinancial gifts, like Kindles loaded with the CEO's favorite business books. At the other end of the spectrum is Pepsi, which bases 40% of an employee's annual bonus on how well they've helped other employees improve their careers. Now, in the middle ground between annual bonuses and a free Kindle is 3M, creator of Post-it…
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