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Financial incentives are not good motivators for excellence. Numerous studies have borne this out. When money is used as an incentive, people start cutting corn
by naasking 4y ago
Financial incentives are not good motivators for excellence. Numerous studies have borne this out. When money is used as an incentive, people start cutting corners.
- WalterBright 4y ago> Financial incentives are not good motivators for excellence. Yet they drive the entire economy. They work better than anything else. Other systems have been tried repeatedly that rely on: 1. the lash 2. altruism and ideology 3. threats of going to hell are pretty lousy motivators.
- naasking 4y agoWe're talking about people, not economies. Financial incentives work up to a point, and then they start perverting behaviour. Better motivations for people on an individual level within an organization are autonomy, mastery and purpose, eg. give them an objective that seems meaningful, and give them the freedom to master the skills needed achieve that goal in a way they know works for them.
- WalterBright 4y agoNothing works as well as money. Giving people autonomy, mastery, and purpose can help, but that simply does not scale.