Time to Get Real with Rewards

The blog discusses the need for organizations to modernize their approach to performance management and rewards by focusing on three common goals: drive organizational performance, develop people, and reward equitably. However, the biggest barrier to modernizing performance management is equitable rewards. The author suggests getting real with rewards by abandoning outdated beliefs and proposes a few big ideas to consider, such as paying for capability and rewarding for contribution, leaning into team rewards, empowering people and creating a culture of recognition, and recognizing the power of non-financial rewards. The author emphasizes that getting real with rewards takes courage and requires abandoning outdated beliefs.