Preciate Blog | Relational Wealth

Why Financial Incentives Can Reduce Motivation

July 8, 2019 / by Lydia Stevens posted in recognition, happiness, employee recognition, employee performance, motivation crowding theory

Whether it be in the office or at school, people tend to think financial incentives would make them or their team work harder. If only you could get paid directly for putting in that extra effort, and perhaps your overall performance would improve as a result of the additional motivation. And sometimes, especially when the reward is big enough, that is what happens. The opportunity to earn more money for improved performance presents itself, and thus, performance improves.

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3 Employee Performance Measurement Myths (and why they need to be retired)

March 14, 2019 / by Ed Stevens posted in employee happiness, employee reviews, employee performance

In a rising trend, many Fortune 500 companies have bid adieu to the performance review, deeming it an outdated way to check in with employees. Adobe, GE, and many others have instead moved towards a system of more regular one-on-one check-ins with employees, where they examine their work around specific projects and progress towards development goals. “It’s liberating people,” says Donna Morris, senior vice president of global people resources at Adobe. “It has really helped to create teamwork instead of individualism, which is critical in a creative company.”

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The Preciate Perspective: Reality. Not a resume.

March 7, 2019 / by Ed Stevens posted in kudos, employee reviews, employee performance

What is more important, where you went to college ten years ago or what you have accomplished in the last ten years of your career?

Without a doubt, actual achievement in the workplace matters more than where you got your college degree.

In a recent piece for Forbes, Jonathan Rick argues that most LinkedIn users aren’t taking advantage of the headline line on their profile. Instead of using the space for the default job title and employer that LinkedIn auto-populates, Rick proposes a customized headline of 120 characters, an elevator pitch of what you do and whom you help.

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