using theory explain the importance of reward in stimulating individual performance
According to motivational theory, rewards play a vital role in stimulating individual performance. One well-known theory that explains this is the Expectancy Theory, proposed by Victor Vroom.
The Expectancy Theory states that people are motivated to exert effort based on their belief that their effort will lead to a specific level of performance, which will then result in desirable outcomes or rewards. In simpler terms, if individuals believe that their efforts will be rewarded, they are more likely to perform at a higher level.
Here's an explanation of the importance of rewards in stimulating individual performance based on this theory:
1. Expectancy: Individuals need to believe that their efforts will lead to the desired performance level. This could be achieved by setting clear goals and providing the necessary resources and support for individuals to perform their tasks effectively. When individuals have a reasonable expectation that their efforts will be worthwhile, it increases their motivation to work towards achieving the desired performance.
2. Instrumentality: After individuals believe that their efforts will lead to the desired performance, they need to trust that their performance will be rewarded appropriately. Rewards can take various forms, such as financial incentives, recognition, promotions, or additional responsibilities. When individuals perceive that their performance will be linked to desirable outcomes, it strengthens their motivation to put in the required effort.
3. Valence: Rewards need to be perceived as valuable and meaningful to individuals for motivation to be sustained. Different people may value different types of rewards, so it is essential to understand what motivates each individual. Rewards that are perceived as personally significant, satisfying, and aligned with individual goals and needs are more likely to stimulate high performance.
Overall, the importance of rewards in stimulating individual performance lies in their ability to create a belief system that connects effort, performance, and desirable outcomes. By ensuring clear expectations, building trust in the relationship between performance and rewards, and providing meaningful rewards, organizations can motivate individuals to perform at their best.