Saturday 29 February 2020
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sciencedaily - 14 days ago

What is the best way to encourage innovation? Competitive pay may be the answer

Economists and business leaders agree that innovation is a major force behind economic growth, but many disagree on what is the best way to encourage workers to produce the think-outside-of-the-box ideas that create newer and better products and services. New research indicates that competitive winner-takes-all pay structures are most effective in getting the creative juices flowing that help fuel economic growth.


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