Word: rewarded
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...whose French cuisine bears an Alsatian twist, found out about the honor when a certificate arrived in the mail a few weeks ago, although the actual medal was not included in the package that he received. “[The certificate] was telling me that I received the reward, but you have to buy the medal...so the French Consul bought the medal,” Ost said. The Ordre du Mérite Agricole was originally established in 1883 by Jules Méline, then Minister of Agriculture, to recognize contributors to French agriculture. An estimated 340,000 people...
...right. Virtually all economists agree that there is no paradox of thrift in the long run. Saving stimulates investment. Careful stewardship of resources brings prosperity. Frugality is its own reward. Just not right this second...
Paradoxical, maybe, but effective. Consider Amica Mutual Insurance, based in Rhode Island. Amica seemed to be doing everything right: it boasts an on-site fitness center at its headquarters. It pays toward Weight Watchers and smoking-cessation help, gives gift cards to reward proper prenatal care and offers free flu shots each year. Still, in the mid-2000s, about 7% of the company's insured population, including roughly 3,100 employees and their dependents, had diabetes. "We manage risk. That's our core business," says Scott Boyd, Amica's director of compensation and benefits. But diabetes-related claims from Amica...
There's nothing revolutionary about using incentives--financial carrots and sticks that reward and punish behavior--to coax workers toward good health. But behavior experts note that not all perks motivate all people. "To get a high-risk, overweight, four-pack-a-day smoker to change behavior, it's going to take a whole lot bigger incentive than for a 22-year-old who's healthy as a horse," says Bill Sims, president of an eponymous behavior-change consulting firm. Amica's diabetic employees weren't tempted by a subsidized gym membership. But they did respond to a plan that...
...into the job, admitted he has lost $7.4 million as RBS shares have plummeted. Amid reports that the bank plans to pay its existing staff bonuses for 2008, all four former execs agreed that changes to the bonus system should be looked at. Hornby reckoned that bonuses "do not reward the right kind of behavior" and suggested they be tied more closely to long-term performance. The 42-year-old, who also went without a bonus in 2008, confessed to losing "considerably more money than I have been paid" at HBOS thanks to his earlier bonuses being awarded in shares...