Beyond Motivation, Beyond Rewards
0 likes229 views
The document discusses the factors influencing employee motivation and job satisfaction, emphasizing that monetary rewards often have limited long-term effects. It highlights that poor leadership, lack of growth opportunities, and workplace culture are primary reasons employees leave their jobs, as they 'quit their managers, not their companies.' The document advocates for the use of non-monetary rewards and shared experiences as effective motivators.
Beyond Motivation, Beyond Rewards
- 1. MOTIVATION R E W A R D S B E YO N D Pedro Ferreira University Portucalense Porto, Portugal
- 2. What drives peoples’ behaviour at work?
- 3. 194.000
- 4. How far money drives happiness? Jebb, A. T., Tay, L., Diener, E., & Oishi, S. (2018). Happiness, income satiation and turning points around the world. Nature Human Behaviour, 2(1), 33–38. http://doi.org/10.1038/s41562-017-0277-0
- 5. Maslow Hierarchy of Needs
- 6. Herzberg Two Factor Theory Staff is dissatisfied and unmotivated Staff is not dissatisfied but unmotivated Staff is satisfied and motivated Hygiene factors Motivational factors
- 8. Voucher for a free pizza Boss written recognition No recognition no reward 20 £ reward
- 9. Boss written recognition Voucher for a free pizza No recognition no reward1 2 3 The power(less) of money
- 10. Money presents (serious) side effects
- 11. The effect of money incentives don’t last long It tends to take more money incentives to get the same results
- 13. Some rewards work better than money
- 14. Lack of growth opportunities 45% Bad leadership 41% Culture/work environment 36% Need for more challenging job 36% Better salary 34% Recognition 32% Source: LinkedIn Why people leave their jobs?
- 15. Bottom line: people quit their managers, not their companies Lack of growth opportunities 45% Bad leadership 41% Culture/work environment 36% Need for more challenging job 36% Better salary 34% Recognition 32% Source: LinkedIn Why people leave their jobs?
- 16. Implicit (and exponential) value of a non monetary reward
- 17. ?
- 20. Experiences as rewards. They can be shared and remain alive way before they are over
- 21. Know people Balance extrinsic and intrinsic rewards Consider the power of experiences as a catalyst for reward effect Practical implications (or take-away)
- 23. Thank you! J Questions, disagreements, different point of view? Please share!
- 24. Pedro Ferreira Senior Lecturer Department of Economics, Management and Computer Science University Portucalense Porto, Portugal @ pferreira@upt.pt In http://www.linkedin.com/in/pedroferreiraa MOTIVATION R E W A R D S B E YO N D