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More Money Not The Best Motivator For Most People
#1

More Money Not The Best Motivator For Most People

I found this little video while stumbling a bit it makes a pretty good case on what motivates people to be more productive in there jobs. Here's the video:




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#2

More Money Not The Best Motivator For Most People

For anyone who studied a business module in uni, this plays into the Maslow Hierarchy of needs for humans.

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#3

More Money Not The Best Motivator For Most People

I watched most of the video not the whole thing. I get what they are talking about and I think it has some practical purposes but I don't think you can do a one time test or challenge for money and compare that to a job or career which is much longer than sit down and take this test and we'll reward you if you do well.

I'd be curious to know if there's an office space theory about most jobs lacking motivation. In my current job I don't make great money like $14 an hour. There's an opportunity for bonuses but it pretty much tops out at about $200 for me and my coworker to split so $100 a pop. In the past for selling a particular product we'd get upwards of $7-$10. I'd sell like 10-15 a day and was making some excellent commissions and side money doing that. THe company tried to screw us basically changed the spiff to $3 instead of $10 and then even tried to make it retroactive so our past months bonuses they wer egoing to try to stiff us and give us $3 even though up until that point we were told $10. There was such an uproar they wound up paying uus our back commissions and the correct rate and then changing it.

Anyhow, my point being, my company is full of managers who will run a state or a couple states if its smaller stores/offices. I've met a number of them and am not at all impressed with really any of our managers. My manager in particular is afraid of confrontation, lazy, and just not someone who is a leader or a motivator. That said he makes pretty nice bonuses off the work I and my co-workers do but he really doesn't deserve any of it. I only kind of work half ass because there's really no reason for me to try, I dont make more money, I dont get any recognition so really what's the point. Honestly these days I spent more time on my personal business on the clock at my day job.

I really wish they would stop giving my manager his bonuses and kick more down to the front line employees. You could get so much more productivity and upsells out of us if you rewarded us but because there's no incentives everyone half asses it. Maybe a good manager could motivate people without incenvtives but my boss sure can't, that money would be better spent as a carrot for us low level employees. That's just my take on it though.
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#4

More Money Not The Best Motivator For Most People

It is not the #1 motivator because average man is a full blown idiot.

Average man would rather feel good than be free.

Yeah you obviously don't trade your health but average guy is motivated by feeding his ego. Because again... he is an idiot.

There are so many issues here I don't even know where to begin I'll give a few bullets.
1. The video itself is online marketing salesmanship so your opinion is being biased by the video itself.
2. Why do people perform worse? Because they have been taught to fear risks they get frazzled like a scared cat in the limelight. You want to make money you better be ale to speak in public yet it is the number one fear in America. In a corporate environment every day goes by and you grow more and more afraid of risk slowly killing your creative altitudes. That is why when you give them a creative task they will fail.
3. The carrot stick argument is true because you are creating sheep. NO ONE GETS PAID WELL ON A LINEAR STEP BY STEP PATH. I rarely use caps but read that over and over and over and over again. Anyone who says you make small steps and that is how you build wealth is POOR. Real growth is non-linear.
4. You want to make people transition to a non-linear money making schematic. That is how you train your brain the right way.
5. The most ridiculous and preposterous assumption in that video is that people don't want to be work horses. Very very few men are meant to be leaders. Very few. That ending was nonsense. If however you meet someone who you believe is a future leader then yes you absolutely should bring them on and you absolutely should give them purpose. The truth is most people want to trade their time for money ie: maximum dollars per our.. Ie: "wage slaves".

If you watch this video and agree you are dulling your mind.
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#5

More Money Not The Best Motivator For Most People

Quote: (03-02-2014 05:35 PM)WestCoast Wrote:  

It is not the #1 motivator because average man is a full blown idiot.

Average man would rather feel good than be free.

Yeah you obviously don't trade your health but average guy is motivated by feeding his ego. Because again... he is an idiot.

There are so many issues here I don't even know where to begin I'll give a few bullets.
1. The video itself is online marketing salesmanship so your opinion is being biased by the video itself.
2. Why do people perform worse? Because they have been taught to fear risks e get frazzled like a scared cat in the limelight. You want to make money you better be ale to speak in public yet it is the number one fear in America. In a corporate environment every day goes by and you grow more and more afraid of risk slowly killing your creative altitudes. That is why when you give them a creative task they will fail.
3. The carrot stick argument is true because you are creating sheep. NO ONE GETS PAID WELL ON A LINEAR STEP BY STEP PATH. I rarely use caps but read that over and over and over and over again. Anyone who says you make small steps and that is how you build wealth is POOR. Real growth is non-linear.
4. You want to make people transition to a non-linear money making schematic. That is how you train your brain the right way.
5. The most ridiculous and preposterous assumption in that video is that people don't want to be work horses. Very very few men are meant to be leaders. Very few. That ending was nonsense. If however you meet someone who you believe is a future leader then yes you absolutely should bring them on and you absolutely should give them purpose. The truth is most people want to trade their time for money ie: maximum dollars per our.. Ie: "wage slaves".

If you watch this video and agree you are dulling your mind.

Do you include Wall street or strategy consulting jobs as linear?
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#6

More Money Not The Best Motivator For Most People

^ consulting is pretty linear. Wall Street is in between. At the top of Wall Street your pay is extremely non-linear. You get a base salary of ~$150K however. Your bonus can be 0x to 10x your base salary. So all the leverage in the numbers is on the bonus payout.

That step ladder in the video is hocus pocus!. "1 week pay, 1 month pay, or 2 month pay". That is too linear. Much too linear. No leverage.

It is more like 1 week pay (you are fired) 6months to 1 year pay (you survived) , or 3x+ your pay = you made the company a lot of money. A lot.

Linear = salary
Mix of linear and non linear = start up (leverage is in the equity stake), Wall Street (leverage is all bonus), management consulting (rare), some law firms (rare)
Non-linear entirely? A business. This is why all wealthy people run a company.
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#7

More Money Not The Best Motivator For Most People

Quote: (03-02-2014 05:54 PM)WestCoast Wrote:  

^ consulting is linear. Wall Street is in between. At the top of Wall Street your pay is extremely non-linear. You get a base salary of $150K however. Your bonus can be 0x to 10x your base salary. So all the leverage in the numbers is on the bonus payout.

That step ladder in the video is on sense. "1 week pay, 1 month pay, or 2 month pay". That is too linear. Much too linear.

It is more like 1 week pay (you are fired) 6months to 1 year pay (you survived) , or 3x+ your pay = ou made the company a lot of money. A lot.

Linear = salary
Mix of linear and non linear = start up, Wall Street, management consulting, some law firms (rare)
Non-linear entirely? A business. This is why all wealthy people run a company.

I will PM you.
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#8

More Money Not The Best Motivator For Most People

^ sure I cleared up a bit with edits to the post above.
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#9

More Money Not The Best Motivator For Most People

Quote: (03-02-2014 05:35 PM)WestCoast Wrote:  

It is not the #1 motivator because average man is a full blown idiot.

Average man would rather feel good than be free.

Yeah you obviously don't trade your health but average guy is motivated by feeding his ego. Because again... he is an idiot.

There are so many issues here I don't even know where to begin I'll give a few bullets.
1. The video itself is online marketing salesmanship so your opinion is being biased by the video itself.
2. Why do people perform worse? Because they have been taught to fear risks they get frazzled like a scared cat in the limelight. You want to make money you better be ale to speak in public yet it is the number one fear in America. In a corporate environment every day goes by and you grow more and more afraid of risk slowly killing your creative altitudes. That is why when you give them a creative task they will fail.
3. The carrot stick argument is true because you are creating sheep. NO ONE GETS PAID WELL ON A LINEAR STEP BY STEP PATH. I rarely use caps but read that over and over and over and over again. Anyone who says you make small steps and that is how you build wealth is POOR. Real growth is non-linear.
4. You want to make people transition to a non-linear money making schematic. That is how you train your brain the right way.
5. The most ridiculous and preposterous assumption in that video is that people don't want to be work horses. Very very few men are meant to be leaders. Very few. That ending was nonsense. If however you meet someone who you believe is a future leader then yes you absolutely should bring them on and you absolutely should give them purpose. The truth is most people want to trade their time for money ie: maximum dollars per our.. Ie: "wage slaves".

If you watch this video and agree you are dulling your mind.

I remember during my univeristy years I had read about a study where people were paid less to do a task that was trivial and boring. They paid the participants in different amounts. The study mainly looked at how they felt about doing the task and how they felt about the amount they were given. The majority of the highest paid participants disliked doing the task and admitted the money was necessary to get them to do it again, while the ones paid the least tended to find it enjoyable and said they could see themselves doing it again even without the money. The lesson is if you're going to have employees, paying them a high salary might not just be a problem of higher cost, it might also lead to lower productivity.
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