Research on immediate awards
Recent research published in Frontiers “Do Immediate External Rewards Really Enhance Intrinsic Motivation?” suggests that smaller but more frequent bonuses after employees complete their work at different times throughout the year may perhaps have a better effect on stimulating employees’ interest and enthusiasm for work than giving employees a massive bonus at the end of the year.
An earlier Cornell study, “It’s About Time: Earlier Rewards Increase Intrinsic Motivation” published in the American Psychological Society’s Journal of Personality and Social Psychology found that immediate rewards could increase motivation. Kaitlin Woolley, assistant professor of marketing at Cornell conducted the research as part of her dissertation at the University of Chicago, in collaboration with Chicago faculty member Ayelet Fishbach.