Why Increased Pay And Bonuses Won't Keep You Motivated
Whilst the politicians keep talking about clamping down on huge financial incentives in response to the financial crisis, many banks and other corporations contend that large financial incentives are required to attract, engage and retain people.
But as Dan Pink shows us in his recent appearance at the TED Talks, pay and financial rewards are not the most effective way to engage and motivate employees. They never were in the past, and certainly won't be in the future. To engage and motivate people in the future, organisations will need to take a very different strategy.
To motivate people in the 21st century organizations need to focus not on financial reward, but instead on helping employees achieve:
1. Autonomy
2. Mastery
3. Purpose
As usual with Pink, his ideas are based on solid facts and scientific research - click here to see the YouTube clip of the talk.
So tell me, is he right? Is what Pink has to say consistent with what motivates you..?
Article by, Sital Ruparelia and courtesy of CareerHub.com. The Career Hub blog connects job seekers with experts in career counseling, resume writing, personal branding and recruiting.
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