Do Employee Incentives Foster Innovation in Organization?

Do Employee Incentives Foster Innovation in Organization?

Ahamed Golam Azam

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Do Employee Incentives Foster Innovation in Organization?

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Abstract

Employee innovation is one of the most critical factors which affects the overall growth of an organization. To get innovative ideas out of an organization’s employees, incentives play a vital role. In this paper, different incentive structures from previous researches has been examined that are followed by top management for generating innovative ideas. Although most researches from the past found that a fixed wage or compensation based on performance induces a high level of innovation, but it is actually detrimental for innovation. Rather rewarding employees for long term or performance-based promotion is more effective in fostering innovation. From my evidence and based on the articles analyzed in this paper it was found that performance-based promotion is more fruitful for innovation.

References

13 Cites in Article

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

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Not applicable for this article.

How to Cite This Article

Ahamed Golam Azam. 2020. \u201cDo Employee Incentives Foster Innovation in Organization?\u201d. Global Journal of Management and Business Research - A: Administration & Management GJMBR-A Volume 20 (GJMBR Volume 20 Issue A15).

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GJMBR Volume 20 Issue A15

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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Classification

GJMBR-A Classification JEL Code: M51

Submission ReceivedDecember 16, 2019
Peer Review Double Blind
Handling Editor
Accepted January 1, 2020
Published January 15, 2020

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v1.2

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October 9, 2020

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