While people expect fair pay for their services, we all know that money isn't king. Nevertheless, when it comes to business we all too often act as if it were. We think purely in terms of salaries, bonuses, and people's positions on the org chart. While we pay lip-service to the idea that people may have non-financial motivation for their work — acknowledgement, appreciation, pride in accomplishment, enjoyment and so forth — we spend all our time working out how to incentivize our workforce with financial rewards.
What an awful way to think about people! Yes, money and status matter, but it can be inhibiting soul-destroying and morally corrupting for managers when companies place too much emphasis on them At some point, after all, doesn't exaggerated pay feel like a bribe?
To read the original article: To Motivate People, Give Them Something to Be Proud Of - Charalambos Vlachoutsicos - Harvard Business Review
