Date Added: Apr 2011
In this paper, the authors test whether procrastination and planning problems affect the performance, compensation and work satisfaction among employees. They conducted a randomized controlled experiment with a bank in Colombia to change the frequency and intensity with which employees received reminders about goal achievements. They also provided small in-kind prizes every week to remind employees of their goal achievement. Loan officers in the treatment group showed strong improvements in their goal achievements, better work load distribution, and higher monthly compensation (not including the value of the small prizes).