Steve Kerr - Reward Systems: Does Yours Measure Up?

Fixing Dysfunctional Behaviors in Organizations   In this episode, our guest Steve Kerr shares insights from his book on reward systems. He explains how flawed reward systems can lead to irrational behaviors in employees similar to B.F. Skinner's 'blaming the rat' theory. Kerr discusses the importance of effective measurement and reward systems in organizations and provides practical steps to realign them for better outcomes. He uses analogies from the healthcare system and historical military examples to highlight the pervasive issues and solutions for leadership in various contexts. This discussion is crucial for anyone involved in organizational transformation and leadership.   00:00 Introduction to Reward Systems 00:52 Meet Steve Kerr: Leadership and Legacy 01:28 The Folly of Rewarding A While Hoping for B 01:49 Three-Step Process to Realign Reward Systems 02:38 Measurement and Performance: Key Insights 04:31 Healthcare System Example: Misaligned Rewards 08:08 Stretch Goals and Innovation Challenges 12:33 Military Analogy: World War II vs. Vietnam 14:28 Organizational Dynamics and Leadership Challenges 16:04 Effective Performance Reviews 20:22 Creating a Candid Culture 22:07 Conclusion and Next Episode   On the Folly of Rewarding A,While Hoping for B https://web.mit.edu/curhan/www/docs/Articles/15341_Readings/Motivation/Kerr_Folly_of_rewarding_A_while_hoping_for_B.pdf   Aidan McCullen, Steve Kerr, reward systems, employee behavior, BF Skinner, dysfunctional behaviors, fixing reward systems, CEO memo, leadership development, GE, Goldman Sachs, ultimate rewards, boundaryless organization, performance measurement, innovative culture, healthcare system, preventive care, stretch goals, Jack Welch, candid culture