Talent is sought, forged, managed…and encouraged, too. CEO Consulting newsletterAnd the John Rossconducted a number of researches on behavioral sciences based incentives.
This expert work led him to write a scientific article that was published in the prestigious international journal «Behavioral Economics Handbook 2022″. The author asserts in his lines that the performance of professionals can be improved through changes in reward models, inspired by the principles of behavioral science.
More innovation in talent management: the behavioral sciences
As it is a strategic issue, talent management needed a new atmosphere within organizations. Which is that the world is changing very quickly and suddenly the strategies become obsolete. Even today, many companies hardly limit themselves to giving feedback to their employees once or twice a year.
In addition, employee goals are often non-specific or individualistic. The bottom line is an increase in the number of unmotivated workers who are ultimately not as productive as they should be.
To change this dynamic, De Rus talks about total reward models, including monetary and emotional rewards. “If an organization adopts an incentive structure based on behavioral science principles, it increases productivity, since satisfied employees tend to be more productive. In addition, there is a direct relationship between employee satisfaction and customer satisfaction, which also improves the income statement,” says the expert .
