Gifts vs. Points
18-Apr-10, 11:24 AM

Update from the "money can't buy you love" files...

A new Rotman School study supports the idea that money – or points that can be exchanged like money – is seen as less fair for rewarding a group than tangible things like gifts. While fine for rewarding individuals, cash is not king when it comes to group performance, suggests Sanford DeVoe, assistant professor of organizational behaviour at University of Toronto's Rotman School of Management. “We’re finding that a group reward is seen as much less fair if it’s money or something that can be exchanged. If you want to give a team bonus, there are good reasons to do so with goods that have value in use.” Read the study in the Journal of Psychological Science.
Or just take our word for it!