Money as a motivation - Deepstash
Diverse And Inclusive Workplaces

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Diverse And Inclusive Workplaces

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Money as a motivation

Money as a motivation

Money as a tool for motivation is limiting at best, and the 'carrot and stick' approach many managers use to motivate employees is will actually achieve the opposite effect of what was intended.

403

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Conditional rewards

Conditional rewards

‘If, then’ rewards or conditional rewards are when we promise to give something to an individual when they complete a certain task.

These rewards can have a negative impact on motivation as the employees lose the will to work on that task for the sake of working.

407

1.43K reads

Goals involve pressure

Goals involve pressure

The drive towards your goal can convince you to make certain decisions or do objectionable and undesirable things that you normally will not do.

411

1.63K reads

Two types of motivation

Two types of motivation

Motivation is categorized into two basic types: Extrinsic and intrinsic.

  • Extrinsic motivation is related to external forces like money or fame.
  • Intrinsic motivation is something that comes from within like joy or pride.

740

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Shortcuts are dangerous

Shortcuts are dangerous

There are many examples of scandals, and scams, like managers tweaking their reports to show better results, or athletes using steroids. These shortcuts do not work in the long run. If we are having a spark of intrinsic motivation, the reward is the work itself, and there can be no shortcut...

411

1.32K reads

Rewards

Rewards

Rewards work for routine tasks that require no creativity. If we put incentives on creativity, the drive to create can disappear once the incentives or rewards are removed.

419

1.83K reads

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Success is the sum of small efforts repeated every day.

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Money Doesn’t Motivate

Money Doesn’t Motivate

Many people think money alone will be enough to motivate them, and whilst that may do so initially, it’s very hard to sustain financial motivation if the work you are doing actually drags.

At the beginning of your path of achieving goals, you should define what really matters.

3 Types Of Motivation

3 Types Of Motivation

  1. Motivation 1.0 - The survival instict: In this situation, the primary things that keep us alive (food, water, shelter) control our actions.
  2. Motivation 2.0 - The stick and the carrot: This system assume workers will have no desire to work unless the...

Motivation as a system

Inspiration vs systems is an oversimplification because motivation is often part of the system.

  • Motivation can help us over challenging goals.
  • Many goals are really external motivators that motivate us inconsistently.

If we can view mot...

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