Should employees be ranked?

Should employees be ranked?

Rankings is the one metric employees either love or hate, mostly based on what their bosses assign them. It has become intrinsic to organizations as it is linked to the reward money that comes with a good ranking.

While there is a lot of debate on whether we need to rank employees or not, research shows rank incentives provide a cost-effective way to boost performance even when they are not linked to financial incentives, as people may put additional effort to improve their ranking tied in to their self-image.

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