I wasn't sure at first, but I think I generally agree with the hypothesis, from the standpoint that I'm already doing the best job that I can do. Getting paid more (i.e. raises) should be commensurate with my increasing experience and value to the company, but I wouldn't say they would make me "work harder
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Once basic needs are met (ie, you're able to comfortably support yourself and your dependents), cash money is not a significant source of positive motivation. True, for me benefits, vacation, work hours and company RRSP contributions are way more important than money.
However, perceived inequities and/or unfairness can be a significant source of demotivation. WAY True
I don't specifically work harder for my cash incentive. Our company gives a bonus once a year and depending on how awesome all of us are on the whole we can get a max. of 5% of our yearly wage (not a set amount, so if you're off sick for a long period of time you get 5% of what ever you made, most of us are contract workers on an hourly wage). It feels more like a freebie though in the end and not like something I've worked hard to earn. As long as we do what needs to get done on a daily/weekly basis we meet our goals and every one gets a bonus.
Usually by the time it comes along, any and all of the "hard work" I put in is just par for the course. It's still a wonderful time of the year. I look upon my bonus as money for nothing, even though I've earned it and I will go out of my way to spend it on something not required to meet my basic needs and something that I just want instead.
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However, perceived inequities and/or unfairness can be a significant source of demotivation. WAY True
No need to screen my comment.
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I don't specifically work harder for my cash incentive. Our company gives a bonus once a year and depending on how awesome all of us are on the whole we can get a max. of 5% of our yearly wage (not a set amount, so if you're off sick for a long period of time you get 5% of what ever you made, most of us are contract workers on an hourly wage). It feels more like a freebie though in the end and not like something I've worked hard to earn. As long as we do what needs to get done on a daily/weekly basis we meet our goals and every one gets a bonus.
Usually by the time it comes along, any and all of the "hard work" I put in is just par for the course. It's still a wonderful time of the year. I look upon my bonus as money for nothing, even though I've earned it and I will go out of my way to spend it on something not required to meet my basic needs and something that I just want instead.
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