Washington, Sept. 19 (ANI): Providing employees with a bonus to spend on charities or co-workers may increase job satisfaction and team sales, a study has suggested.
In the first of three studies by Lalin Anik from the Fuqua School of Business at Duke University and colleagues from other institutions, some employees at an Australian bank were given a 25-dollar or a 50-dollar voucher to donate to a charity of their choice on behalf of the company.
Employees who donated the larger amount to charity reported enhanced happiness and job satisfaction, compared to those who did not donate to charity or donated the smaller amount.
In subsequent experiments, the researchers measured the performance of 11 sports teams in Canada and 14 pharmaceutical sales teams in Belgium after receiving bonuses.
33 percent of each team was selected to receive 20 dollars to spend either on themselves, or on their teammates. In both experiments, the researchers found that when participants spent their bonuses on teammates, the whole team performed significantly better than when individuals spent their bonuses on themselves.
According to the increase in team performance may also increase earnings as a whole.
The result has been published in the open access journal PLOS ONE. (ANI)