Individual or team-based: Which rewards are better?

Energise ▪ Empower ▪ Engage

Article - 2 June pictureCompanies implementing recognition programs to acknowledge employees’ strong performances may have wondered whether it is better to reward individuals or on team-based basis. Both strategies have their pros and cons, and a mixture of both may be an effective way of boosting performance in your workplace.

Team-based rewards
Rewards based on team performance are often used when teamwork is essential to a particular task or area of business. In teams where each member is involved in delivering the final product, a group-based reward may be offered to encourage individual members to work together and spur each other on to perform at higher levels.  When employees feel the pressure of a team of people relying on their work to achieve a reward, they may be compelled to work harder and communicate more effectively to reach these goals. However, particularly driven team members determined to achieve the prize may find themselves taking…

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Author: MCI India Live

MCI India is part of the MCI Group, the world’s leading provider of strategic engagement and activation solutions and a key driver of innovation in the international meetings, events, association and congress industries. With offices in Delhi, Mumbai, Hyderabad and Bengaluru, MCI India activates brands, enhances organizational performance, builds communities and drives business results through creative live experiences, digitization, content and communication services and strategic planning. Combining local knowledge with expertise from MCI’s 1,650 experts in 60 cities and 31 countries, MCI India helps local, regional and global companies and associations to unlock their potential and deliver real change. Find out more at www.mci-group.com.

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