While group rewards acknowledge employees for collective efforts, they often fall short in driving individual behavior. Individual incentives motivate higher performance and monetary recognition. In Japan, the longstanding practice of team bonuses is giving way to new approaches after three decades of flat GDP growth. This session will explore how to make course corrections — and avoid pitfalls — when adding individual measures to supplement team measurements, using examples from Japanese companies.

Takeaways

• Effectively engage with leadership to target employees with individual incentives in a way that will drive corporate performance.
• Learn how to increase individual performance, reduce the “free rider” risk, and transition from a team bonus to a system that includes individual incentives.
• Avoid pitfalls when implementing individual incentives.