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> What else would they be motivated by? The Surprising Truth About What Motivates Us: https://www.youtube.com/watch?v=u6XAPnuFjJc https://www.youtube.com/watch
by mseebach 9y ago
> What else would they be motivated by?
The Surprising Truth About What Motivates Us: https://www.youtube.com/watch?v=u6XAPnuFjJc https://www.youtube.com/watch?v=u6XAPnuFjJc
Based on studies done at MIT and other universities, higher pay and bonuses resulted in better performance ONLY if the task consisted of basic, mechanical skills. It worked for problems with a defined set of steps and a single answer. If the task involved cognitive skills, decision-making, creativity, or higher-order thinking, higher pay resulted in lower performance. As a supervisor, you should pay employees enough that they are not focused on meeting basic needs and feel that they are being paid fairly. If you don’t pay people enough, they won’t be motivated. Pink suggests that you should pay enough “to take the issue of money off the table.”
To motivate employees who work beyond basic tasks, give them these three factors to increase performance and satisfaction:
Autonomy — Our desire to be self directed. It increases engagement over compliance.
Mastery — The urge to get better skills.
Purpose — The desire to do something that has meaning and is important. Businesses that only focus on profits without valuing purpose will end up with poor customer service and unhappy employees.
https://en.wikipedia.org/wiki/Drive:_The_Surprising_Truth_About_What_Motivates_Us https://en.wikipedia.org/wiki/Drive:_The_Surprising_Truth_Ab...
- mohaine 9y agoMore money may not motivate you to work harder/faster, but reasonable compensation will decrease your motivation to find a new job. I'm not really sure how this often quoted study relates to retention since that is outside the scope of the study.
- laughfactory 9y agoYeah yeah, I'm familiar with the study, but it doesn't account for how we employees are generally quite aware of the value of our skill set. Sure, it may take us a bit to recognize the increase, but typically no more than a few months. And then the sense that we're compensated below our value will eat at us, even in the presence of all those things. It's not about the dollar amount, it's about the disparity between market value and compensation rate. The greater that dissonance the greater the motivation to leave. It doesn't feel like respect when an employer pays you below what you feel you're worth.