The Superpower Of Incentives - Deepstash

The Superpower Of Incentives

Incentives are one of the strongest influences in humankind

Incentives help push workers to be more productive but you need to be careful because of the over justification effect

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Part 2 as I promised the Incentives mental model was especially interesting

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What Are the Pros of Incentives?

What Are the Pros of Incentives?

  1. Having a good salary and benefits package is great, but having extra incentives for a job well done makes workers feel appreciated. That decreases turnover and increases profits.
  2. Offering incentives for a good job creates a sense of caring or kinship in the worker and, over ti...

What Are the Cons of Incentives?

What Are the Cons of Incentives?

  1. Create conflict: those who don’t receive incentives may be jealous of those who do regardless of merit. Those who receive incentives might also be upset if they worked harder than others to get the same reward.
  2. The focus of work becomes competitive instead of being focu...

Applying the wrong incentives

The wrong incentives can reduce our motivation to reach a goal.

In the American education system, the incentive is passing tests. That will lead to higher education and being validated as a person who knows things. But the continual assessment pressure is wasting p...

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