premiestyrning
Premiestyrning is a Swedish term that translates to "bonus steering" or "performance steering." It refers to a management practice where a company's employees or specific teams are incentivized with financial bonuses or other rewards based on achieving predetermined performance targets. This approach is designed to align individual or team efforts with the overall strategic goals of the organization.
The core principle of premiestyrning is to motivate employees by offering tangible benefits for successful outcomes.
When implemented effectively, premiestyrning can lead to increased employee engagement, higher productivity, and a stronger focus