Employees are often an untapped source of new technical ideas and improvements for enhancing processes, equipment, and products. Ideas can come from a variety of people within organizations, but companies differ significantly in how they encourage and reward employees for such ideas and improvements. We deal with systems of reward for employees for innovative ideas which are of benefit to a company. We include a literature investigation of the fundamentals of rewards and reward systems. Examples of how various companies reward their employees are included. A questionnaire dealing with reward systems was sent to 140 companies and the results were interpreted to see whether there was a correlation between creativity and the rewarding of creativity. The survey found that most companies utilize some sort of reward system. Visibility and awards were the most widely used rewards, with monetary rewards used to a lesser degree. Recommendations for a successful reward system are included.
Defcioglu, Niso; Dorduncu, Emre; Franzke, Dwaine; Gallant, Francois; Knappich, Thomas; and Shlaes, Carole, "Rewarding Systems For Creativity And Innovation" (1990). Engineering and Technology Management Student Projects. 357.