Why is Money Not Motivating to Employees, But it is to Managers?
Posted on Thursday, August 16, 2007 by Frank RocheThought I had over coffee this morning:
Why is it that the same managers who use “people don’t work for money” to justify underpaying workers are convinced that their own bonus and long-term incentive plans are great and highly motivating?
Yvette Bethel
Aug 16th, 2007
What a wonderful double standard!! It is quite thought provoking…
I find that this phenomenon happens in my realm when managers are being rewarded for keeping their staff costs within budget.
Frank Roche
Aug 19th, 2007
Yvette, it’s one of those things that’s a funny contrast — we believe that money doesn’t motivate others but it works for us. That bonus plan you talk about is a scary one. Hmmmm, says me.