Johnny Ch Lok

Stable Income Factor Influences Consumer Behaviors Johnny Ch Lok

How to apply behavioral economy methods to influence employee individual psychology to achieve raise productivity of long term incentive intention??Increasing salary is short term incentive productivity methodBehavioral economy assumes labors will choose to do beneficial behaviors to themselves when they feel their work behaviors can earn more benefits to themselves more than their employers in the organizations. Otherwise, if they feel their work behaviors can earn more benefits to their employers more than themselves. Then, they won't choose to do their work behaviors, e.g. rasing productivities or work hard. Due to they feel work hard or raise productivities behaviors that only give more benefits to their employers more themselves. Whether does cheap product price incenitve consumption desire to influence effective consumption behavior? Whether is monetary increasing salary payment incentive labors might be willing to work on task? I feel raising labours' productivities is similar to raise incentive consumption, which both have similar point, such as increasing salary payment or cheap product price is the main factor to influence incentive consumption or raising productivities. Hence, it seems monetary factor is not the main effort to encourage labors to work hard. In labor's behavioral economic view point, for example, if a employer pays a employee more doing a task, who might be less willing to work on it, who might be less productive given whose efforts and who may enjoy the task less. If you want your employees to save more for retirement. You may want to give them fewer investment options. If you want them to engage more in a task, you might want offer them an additional alternative, instead of increasing salary to that task. Thus, increasing salary is not the onl method to encourage productivities of incentives.?How to improve the design of incentive structures to encourage productivities in any organizations?Any monetary incentive can only encourage productivities in short term. It can not only encourage productivities in long term in any organizations. It is similar to cheap or discount product price can only attractive consumers to buy the product in short term, it can not attract consumers to choose to buy the product in long term, it prefers to have more options to encourage labors to incentive productivities, e.g. investing good beneficial retirement plans. Suggesting that employees do not have free disposal of their investment options. These standard inventives seem irrelevant raising salary monetary factor, they can be quite effective in inducing labors to take particular actions to incentive productivities in long term. Due to when they can hard work, then they have more beneficial retirement plans or investing plans for their retirement. It means when they can achieve the most effective or efficient productivities to the employer for long term. It will give better retirement benefits and investment benefits to the better or even the best performance of employees. Otherwise, the worst performance employees won't earn good retirement benefits and investment benefits, when their employers feel their perform very poor in the organizatons in long term. Hence, increasing salary level method is not one successful long term incentive method to persuade every employee to raise productivities or encourage excellent performance optional method. Increasing salary level is only similar to reduce product price and it is only short term encouragement to consumption or productivities method.