08-03-2015, 06:14 PM
(08-03-2015, 05:39 PM)michaelsean Wrote: If you pay everyone the same thing no matter what the job description, you will eventually fail. People will think I can make the same amount doing A as I make doing B without all the stress of doing B? I think I'll do A.
(08-03-2015, 05:51 PM)StLucieBengal Wrote: Yeah I could probably handle living that way as well. But I will tell you if I had to live that way, I would not work the amount I work now . I would work to the level of that lifestlye.
Interestingly enough, studies have shown this not to be true for the majority. Monetary incentives are not the drivers that many people think they are. Giving someone a higher level of ownership in the project, product, what have you has shown in studies to be a better motivator and resulting in higher performance than monetary incentives. On the surface it seems like the no brainer situation, but deeper down it isn't. So much so that we don't often realize it about ourselves. This is becoming more of a thing with the Millennial generation. A common theme among them is that they are more concerned about personal fulfillment than monetary gain in their careers.
Obviously there are those that buck the trend and these sorts of studies are hogwash to those in the hard sciences, but it's just some food for thought on this.
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
