An excellent TED presentation by Dan Pink on how money doesn’t work…
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PM Hut said
I’ve seen this before, it’s a different and philosophical perspective on the subject.
What’s interesting is that money can definitely demotivate (which is not mentioned), try reducing someone’s salary and give him more interesting jobs and see what’s going to happen.
genecloud said
I guess that taking salary away will demotivate for a number of reasons, not least for the hurt to ones ego. Also we feel the pain of loss far more than we appreciate any gain.
http://genecloud.wordpress.com/2009/02/10/2-for-frustration-1-for-gain/