The Power of Collaboration

11

EMPLOYEE INCENTIVES

This chapter will cover the second Company Practice that significantly affects collaboration: employee incentives.

The topic of employee incentives (how companies reward their employees for a job well done) is of utmost importance. As one Silicon Valley leader told me, “Behaviors flourish when they are rewarded.”

Whereas management practices are quite consistent across the leaders I interviewed, the philosophies and approaches regarding employee incentives differ from company to company. Despite some differences in how they make this happen, many of the Silicon Valley leaders I spoke with choose to pay employees at the higher end of the pay range. They want to attract and keep highly experienced professionals. They also ...