One thing that makes a traditional reward program such an amazing journey is that, in most companies, the journey lasts a long, long time. Once a reward is offered, managers think they have to leave it in place until … well, until the cows come home.
If a reward program is ended, managers reason, employees will be de-motivated because they will perceive (correctly) that they are making less without the program than they did with it—especially if the reward is cash. Think entitlement.
Companies would do much better to treat reward programs like football games. See the game clock running relentlessly in the background? That’s the fiscal year. Hear that ugly buzzing sound every quarter? Better get hustling.
As a Rule, Keep Programs Short.