3 ms·
There's actually a lot of material out there on this I.e extrinsic vs intrinsic motivation. Money is an extrinsic motivator. Interest and enjoyment are intrins
by jwdunne 11y ago
There's actually a lot of material out there on this I.e extrinsic vs intrinsic motivation.
Money is an extrinsic motivator. Interest and enjoyment are intrinsic motivators. There are healty benefits linked to working a job based on high intrinsic motivation. Using extrinsic motivators could actually harm intrinsic motivation in the long run too.
Long story short, rewards based on money may not increase but actually reduce work enjoyment. Though, if you enjoy making money in of itself...
- galfarragem 11y agoMoney in most cases is the best motivator. A 10K bonus might not be relevant when you make 400K but is crucial when you make 20K.. Paternalist employers try to subvert this common sense idea and add cheap perks to motivate employees. Of course most times it doesn't work.
- neogodless 11y agoMoney motivates in the short-term, especially when 10K is life-changing. 10K is not likely to make a job great or make someone do a much better job if they already make 150K.
- jchendy 11y ago> Money in most cases is the best motivator. That is demonstrably false. > The fact that there is little evidence to show that money motivates us, and a great deal of evidence to suggest that it actually demotivates us, supports the idea that that there may be hidden costs associated with rewards. https://hbr.org/2013/04/does-money-really-affect-motiv https://hbr.org/2013/04/does-money-really-affect-motiv