Prosocial bonuses increase employee satisfaction, team performance
Providing employees with a bonus to spend on charities or co-workers may increase job satisfaction and team sales, according to results published September 18 in the open access journal PLOS ONE by Lalin Anik from the Fuqua School of Business at Duke University and colleagues from other institutions.
In the first of three studies, some employees at an Australian bank were given a 25-dollar or a 50-dollar voucher to donate to a charity of their choice on behalf of the company. Employees who donated the larger amount to charity reported enhanced happiness and job satisfaction, compared to those who did not donate to charity or donated the smaller amount.
In subsequent experiments, the researchers measured the performance of 11 sports teams in Canada and 14 pharmaceutical sales teams in Belgium after receiving bonuses. A third of each team was selected to receive 20 dollars to spend either on themselves, or on their teammates. In both experiments, the researchers found that when participants spent their bonuses on teammates, the whole team performed significantly better than when individuals spent their bonuses on themselves. The increase in team performance may also increase earnings as a whole, the study suggests. In the case of pharmaceutical sales, for every ten dollars given to a team member to spend on their colleagues, the team received 52 dollars in sales. Anik elaborates, “The results across three studies suggest that a minor adjustment to employee bonuses – shifting the focus from the self to others – can create more altruistic, satisfying, and productive workplace.
The Latest Bing News on:
Prosocial bonuses
- In A Social 'Funk'? Pickleball, Dance And Other Physical Group Activities Could Be A Solutionon April 24, 2024 at 5:15 pm
It’s not just pickleball that can pave the way for community building. Group physical movement in general, like sports leagues and dance classes — particularly in adulthood, when there are less ...
- Protesters Leave Street; No Further Arrestson April 22, 2024 at 3:13 pm
The streets around Yale's downtown campus are back open now that pro-Palestinian protesters who had blocked traffic at the intersection of Grove, Prospect, and College for more than eight hours ...
The Latest Google Headlines on:
Prosocial bonuses
[google_news title=”” keyword=”Prosocial bonuses” num_posts=”10″ blurb_length=”0″ show_thumb=”left”]
The Latest Bing News on:
Employee satisfaction
- Seeking engagement and purpose, corporate employees turn to workplace volunteeringon April 28, 2024 at 5:12 am
Employees increasingly find that robust workplace volunteer programs meet their desires for in-person connections, professional growth and altruistically inclined employers — career objectives that ...
- Bayfield employees see pluses with ‘sick bank’ conversionon April 27, 2024 at 4:00 am
Bayfield employees have had the option to ensure their accumulated sick time hours – also called their “sick bank” – can be used in other ways. They can convert those sick ...
- Creating A Remote Work Culture That Keeps Employees Engagedon April 26, 2024 at 12:56 pm
In environments where face-to-face interactions are limited or non-existent, fostering a sense of trust becomes critical in helping employees feel secure in their roles.
- Boss's blueprint for employee well-being: 9 topics that demand attentionon April 26, 2024 at 4:29 am
Financial wellness can be a major stressor and a taboo topic for employees in the workplace. Financial stability is crucial for overall satisfaction and productivity, and contributing to your ...
- Study finds organized workspace enhances employee satisfactionon April 26, 2024 at 2:53 am
"Mind Reader is committed to crafting the ideal workspace for our consumers – a space that's not only comfortable and organized but also enhances productivity and overall well-being," said Glenn ...
- Jail, finances, employee retention: County council candidates answer questions.on April 26, 2024 at 2:13 am
Voters in the Democratic Party primary can choose three of four candidates for Monroe County Council. No Republican has filed.
- The South has some of the unhappiest employees in the US, study says. See where MS fallson April 24, 2024 at 10:05 am
A recent study found the states with the happiest and unhappiest employees, ranking them from 1 to 50; The Peach State came in dead last. See just how happy Mississippians are.
- Business Talk – HP’s Yesh Surjoodeen unpacks the impact of AI on employee satisfactionon April 24, 2024 at 1:14 am
Yesh Surjoodeen boasts well over 20 years of industry experience and is intimately involved in HP’s digital transformation efforts.
- How Mentorship Can Positively Impact Employee Well-Beingon April 23, 2024 at 4:15 am
Professional support and emotional support are interrelated. Mentors provide a listening ear, empathy and understanding, which can alleviate the feelings of isolation and stress that many employees ...
- 5 signs you should definitely look for a new jobon April 23, 2024 at 4:04 am
Sometimes you can modify your current role to find greater satisfaction. But these signs say you need a new job altogether.
The Latest Google Headlines on:
Employee satisfaction
[google_news title=”” keyword=”employee satisfaction” num_posts=”10″ blurb_length=”0″ show_thumb=”left”]