The Limits of Money as a Motivator
Paying individuals more money has long been seen as an acceptable and effective way of motivating them to do better work, but recent research highlights the limits of money as motivator.
What's the Latest Development?
Paying individuals more money has long been seen as an acceptable and effective way of motivating them to do better work, but recent research highlights the limits of money as motivator. In the case of students, offering financial rewards for scholastic achievement can rob them of internal motivation, and even large sums cannot compete with the allure of smartphone apps as a distraction. In the case of workers, mid-range financial reward does not increase proficiency at routine tasks, and large sums may even increase the pressure under which workers operate, causing them to choke under the strain.
What's the Big Idea?
Instead of money, businesses have found that offering employees time is an alternative that increases productivity and makes individuals happier with their work. Flextime has become an established way of doing business and companies like Intel and Yahoo are offering their employees what amount to sabbaticals, which have typically been reserved for academics. Other companies are experimenting with "prosocial" benefits. At Google, for example, employees can give another worker a $150 bonus, but they must write at least a sentence explaining what that recipient did to earn it.
Photo credit: Shutterstock.com
Swipe right to make the connections that could change your career.
Swipe right. Match. Meet over coffee or set up a call.
No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.
Cosmologists propose a groundbreaking model of the universe using string theory.
- A new paper uses string theory to propose a new model of the Universe.
- The researchers think our Universe may be riding a bubble expanded by dark energy.
- All matter in the Universe may exist in strings that reach into another dimension.
Evolution doesn't clean up after itself very well.
- An evolutionary biologist got people swapping ideas about our lingering vestigia.
- Basically, this is the stuff that served some evolutionary purpose at some point, but now is kind of, well, extra.
- Here are the six traits that inaugurated the fun.
For Damien Echols, tattoos are part of his existential armor.
- In prison Damien Echols was known by his number SK931, not his name, and had his hair sheared off. Stripped of his identity, the only thing he had left was his skin.
- This is why he began tattooing things that are meaningful to him — to carry a "suit of armor" made up the images of the people and things that have significance to him, from his friends to talismans.
- Echols believes that all places are imbued with divinity: "If you interact with New York City as if there's an intelligence behind... then it will behave towards you the same way.".
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.