There is good news and bad news for those who believe that managers matter
IS YOUR manager really necessary? It is not always clear to workers how much their supervisors are contributing to the success of an organisation. It may not even be clear to the managers themselves. After a long day filled with meetings, many bosses must wonder what they have actually achieved.
The academics varied the game by dividing the group into “managers” and “workers”. The managers did not do any managing. But they were bound by different rules. In some games, they were permitted to contribute in each round, in others they were forbidden from doing so. In some versions, the managers were paid a fixed proportion of the returns; in others they had discretion over how much of the return they received. The academics compared the results with a game in which there was no hierarchy.
However, managerial incentives can make workers suspicious. End results were much better when managers were allowed to contribute than when they were not. Understandably, workers who feel they are doing all the work are reluctant to chip in. Of course, the paper describes a laboratory experiment in which the gains were trifling; participants received just over $15 on average. But it lends weight to the idea that managerial incentives can have distorting effects on business performance. That is certainly the view of Andrew Smithers, a British economist and author of a new book, “Productivity and the Bonus Culture”.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Why Your Managers Should Become Opportunity ManagersTo successfully recruit, hire, train, retain and build the capacity of Opportunity Youth, organizations need a different type of frontline manager.
Weiterlesen »
How YouTube talent managers are helping shape the future of the influencer industryTalent managers help their clients secure brand sponsorships, advise clients against promoting products, and assist in selling consumer products.
Weiterlesen »
A hedge-fund wunderkind, top YouTube talent managers, and what Robert Shiller's worried aboutHere are the top business stories this week, including stories on a hedge-fund wunderkind, top YouTube talent managers, and what Robert Shiller's worried...
Weiterlesen »
Executives Rethink Social-Media Policies After China Dust-UpWith chief executives taking vocal stands on issues like gun control, climate change and immigration, corporate managers doing business internationally are advised to think twice about sounding off on global affairs.
Weiterlesen »
5 Leadership Skills You Can Develop In The MountainsGreat leadership is often learned by making mistakes, by working your way up through an organization, or by observing managers who are good and others who are.
Weiterlesen »
When God Is Your Portfolio ManagerAn estimated $260 billion is invested according to biblical principles, with about a quarter of the approximately 90 faith-based funds launched since 2015
Weiterlesen »