Reward and Punishment in the Business
Filed Under (Production and Output) by admin on 22-04-2008
One of the theories of learning is “Reward and Punishment”. In some countries, disciplining the children includes punishment for the kids when they did something wrong. Associating the punishment with the actual thing he did would keep the child from doing the same mistakes again. On the other hand, being rewarded after accomplishing something great, children will be inspired to do the same thing because they will remember that the thing they did resulted to a reward in the end.
In some companies, reward and punishment is used as a way to motivate and discipline employees. Every business has its own set of rules which are carefully formulated so that the business will run smoothly. Each one also has ways to implement the rules. Others would make a Code of Conduct where the details of the offenses and their corresponding punishment are detailed. This Code is discussed during orientation of new employees.
A bonus or commission after achieving the year’s targeted sales is an example of a reward, while suspension due to tardiness or excessive absences is an example of a punishment. There are a lot of rewards and punishments that the management must implement properly and these are all made to promote productivity, motivation and discipline among the employees.
