📺 Stream EntrepreneurTV for Free 📺

Do employee reward programs really increase motivation and productivity?

By Elinor Robin

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

I really need to boost employee morale.

My best advice is that you read Daniel Pink's book, "Drive." Pink has done extensive research into the area of motivation in the workplace. He says that there are three forms of motivation:

1. Extrinsic or External Motivation -- which is the type you are talking about -- motivation using rewards and punishment.
2. Internal or Creative Motivation, a form of self-motivation driven by an internal desire to create, like an artist.
3. Purpose-Driven Motivation, which Pink says is the most powerful motivation.

If your staff understands and is connected to the purpose of their work they will be motivated and will not need any extrinsic rewards. However, if your staff doesn't feel their work is part of a greater purpose, motivation will always be an issue.

Elinor Robin, "The Relationship Mediator," has more than 18 years of experience in mediation while working within the public and private sectors.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Growing a Business

This Is the Overlooked Partnership You Need to Overhaul Your Growth Strategy

One beneficial relationship could make the difference when it comes to engaging more customers and lifting your company to new heights.

Starting a Business

Most People Have No Business Starting a Business. Here's What to Consider Before You Become an Entrepreneur

You need to find the right business opportunity at the right time and take the right steps to beat the odds.

Growing a Business

Starting or Growing a Business? Here's How to Know When You Should Hire Your First Employee.

When enlisting help, follow these steps to make the best decision for your company.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Marketing

How New Businesses Can Create a Content Marketing Strategy

Follow these steps to develop and execute an effective content marketing plan for your business.