Actionable Academic Research Featured in The IRF Quarterly Academic Review
WASHINGTON (PRWEB) July 02, 2018 -- The Incentive Research Foundation is pleased to release the Summer 2018 issue of The IRF Quarterly Academic Review, the world’s first journal focused on academic research into incentives, rewards, recognition, and motivation in the workplace.
The IRF Quarterly Academic Review's Summer issue synthesizes research that supports the assertion by Incentive, Reward and Recognition (IRR) professionals that non-cash is king. The academic research featured in this issue demonstrates that non-cash rewards are more effective than cash because they drive greater engagement and better outcomes, such as increased sales, fewer accidents, less turnover, and better customer service. IRR professionals and fulfilment firms can use this research to support their programs, enhance program design, and increase employee motivation and performance.
The Quarterly presents academic research summarized into the key findings and takeaways most relevant to IRR program owners and designers. It also offers research abstracts and book recommendations. Key findings and useful takeaways in the Summer issue include:
• When one company switched from a reward program that offered cash and merchandise to cash only, the result was a decrease in sales of 4.36%.
• Despite the fact that employees say they prefer a cash reward, greater effort and better outcomes are the result of non-cash rewards, demonstrating a subconscious preference for non-cash rewards.
• While cash rewards motivate higher performance in the short-term, once they are removed, performance drops immediately and profoundly, far below base performance.
• Provide choice in your reward programs. The psychological benefits of giving reward-earners choice are well-documented and align with the foremost theories in human motivation, including Self-Determination Theory.
• A study of software salespeople demonstrates the significant value of peer recognition, even if it does not lead to better career success as measured by future pay, promotions, or mobility.
The IRF Quarterly Academic Review was supported by IRF Research Advocacy Partner, United Incentives.
To view or download a copy of The IRF Quarterly Academic Review, please visit: http://theirf.org/education/the-irf-quarterly-academic-review/
About the IRF:
The Incentive Research Foundation (TheIRF.org) funds and promotes research to advance the science and enhance the awareness and appropriate application of motivation and incentives in business and industry globally. The goal is to increase the understanding, effective use, and resultant benefits of incentives to businesses that currently use incentives and others interested in improved performance.
Andy Schwarz, The Incentive Research Foundation, http://www.TheIRF.org, +1 703.651.8189, [email protected]
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