A medical technology company launched by two Waterloo Engineering graduates is making news this week with the announcement that a device it developed has been successfully used to treat stroke victims.
Tangible rewards motivate employees when they’re easy to use, pleasurable, unexpected, and distinct from salary, a new study found.
A recent survey of firms in the United States revealed that 84 per cent spent more than $90 billion annually on tangible employee rewards, such as gift cards, recreation trips and merchandise, in hopes of increasing productivity.
A recent trend in organizations is to motivate employees with goal-based prosocial rewards, whereby employees must donate their rewards to charities upon goal attainment. We examine the motivational effects of goal-based prosocial rewards versus cash rewards under different levels of goal difficulty. We develop our hypotheses based on affective valuation theory, which posits that when valuing uncertain outcomes by affect rather than calculation, individuals are largely insensitive to changes in probability of the outcomes, including probability of goal attainment.
Using 9,801 director appointments during 2003-2014, we document the dramatic impact of connections - 69% of new directors have professional ties to incumbent boards, a group representing 13% of all potential candidates.
As the world moves into a new norm, the School of Accounting and Finance (SAF) is training future tax professionals who have competitive skillsets, impressive networks, and real-world knowledge of the field of taxation. In 2014, Professors Julie Robson and Jim Barnett founded the Young Tax Professionals (YTP), a for-credit program, that exposes students to the developments and career opportunities in tax. The program also acts as a network that connects students with tax faculty, alumni, and full-time tax professionals.
The recipients of the 2022 Outstanding Performance Award have been named, according to a memo from Vice-President, Academic & Provost James W.E. Rush.
"I am very pleased to announce the award recipients for 2022 and would like to take this opportunity to congratulate them for their outstanding contributions to the University of Waterloo," Provost Rush writes.
Many countries have imposed tax policies that limit the deductibility of interest costs, creating a plausibly exogenous increase in the net cost of borrowing. The limits are based on financial accounting numbers, adding a new implication to managers’ choices. Firms in these countries are also expected to rely less on debt financing and face weaker demand for conservative financial reporting from creditors as compared to firms in other countries.
The Effect of Relative Performance Information and Individual Performance Incentives on Knowledge Sharing
Established in 2003, the SAF Fellowship Program has proven to be a game-changer for all parties involved. The program invites SAF alumni and students to participate in a rewarding four-year relationship to develop future leaders. Selected AFM and SFM students are provided with opportunities for professional development, relevant work experience, and the added benefit of financial support.
A significant and increasing number of North American organizations use tangible rewards to motivate their employees. Despite the widespread use of tangible rewards, there is limited understanding as to what makes them effective.