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.

Money as a motivation

‘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.

Conditional 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.

Rewards 

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

Goals involve pressure

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 shortcuts if we love our work.

Shortcuts are dangerous

Motivation is categorized into two basic types: Extrinsic and intrinsic.<ul><li>Extrinsic motivation is related to external forces like money or fame. </li><li>Intrinsic motivation is something that comes from within like joy or pride.</li></ul>

Two types of motivation

There are two types of motivation: intrinsic and extrinsic. Both are very different and lead to disparate outcomes. Here's how to make the most of motivation, both for yourself and others. *** Motivation is a tricky multifaceted thing. How do we motivate people to become the best they can be?

Conditional rewards

Similar ideas to Conditional rewards

External Rewards

Uncertain Rewards Are Better

Seek Intrinsic Rewards