What kind of incentive do you find to be the best motivator of performance?

Our reader poll today asks: What kind of incentive do you find to be the best motivator of performance?
- Private verbal and written praise – 22%
- Public awards and recognition – 15%
- Promotions or assignment to special projects – 27%
- Cash. Cold, hard cash – 28%
- Something else – 8%
Finding the right incentive. Looks like a fair balance of tactics people use to motivate performance – spoken praise, awards, special projects and cash. What would be interesting to see would be your team members’ responses to this question in terms of what really motivates them. I suspect the balance might shift more toward cash, especially in the current environment. Go talk with your team members and ask them how they’d like to be motivated and rewarded. While you may think a special project would excite them, they might see it as punishment and extra work. If you can align the rewards to what matters to them, you’ll likely get better performance.
– Mike Figliuolo at thoughtLEADERS, LLC
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