The primary employee motivator for most businesses these days continues to be money. The idea is straight forward enough. If you want people to work harder, then you pay them more money (bonuses, pay increases, etc…) in order to motivate them through some sort of cash incentive. A recent study done by MIT decided to put this theory to the test to see if various cash incentives actually motivate people to work harder towards a specific end goal. Below is an awesome clip that summarizes the test done by MIT and the results found, which I think will shock most people. Take a look for yourself:
The most interesting result to me was that while money worked to motivate people to work harder if the work required little thought, it actually didn’t motivate people at all if the work required any type of critical thinking. That’s not to say people shouldn’t be compensated for working harder, but rather that companies should consider looking for additional (more effective) ways to motivate employees to get certain tasks done. The clip above also touches on some ways a few companies out there are already looking to these additional methods to get people more motivated.







