Ditch Bonuses And KPIs To Boost Innovation

Many people hang out for their quarterly or annual bonus. But does pushing for people to meet fixed targets prevent them from considering more radical experiments that might deliver even better results for the business?

Picture Stuart Addelsee by via Gizmodo Shooting Challenge

In a feature examining the importance of recognising failure as part of the business journey, the Australian Financial Review quotes Andy Fallshaw, co-founder of startup investment group Investling, as saying bonuses can stifle the innovation and experimentation he sees as essential . “By taking out performance and key performance indicators, it leaves managers freer to try things.”

It’s not an attitude I’d expect listed companies to adopt in a hurry, but in a growing business giving people security and letting them experiment seems a worthwhile goal. What do you think?

Accepting failure on path to success [AFR]

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