Why Money is Not a Good Motivator

by Stephen Mills on December 27, 2010

There are experiments that show people who are being paid will not continue a challenging task, during breaks in the experiment for example, while people who are not being paid will continue to work on it.  In other words being paid somehow destroys motivation; it turns something you enjoy into work.  Being paid makes people spend less creative time on the task.

I encourage you to watch this video by Dan Pink about what motivates people.  I think it is fascinating and shows that what we commonly believe about rewards may not be correct.

Link to video for email readers

Drive: The surprising truth about what motivates us

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{ 1 comment… read it below or add one }

Nea | Self Improvement Saga December 28, 2010 at 8:45 pm

Hi there Stephen. I found this video quite interesting. I think there’s a point at which some people have enough money to feel like they’ve made it. Cockiness takes over. Complacency takes over. And even a feeling of “I can get away with anything.” An extra $1000.00 may not be important enough to make them put forth a lot of extra effort. After all, they’re doing fine with or without that extra money.
When you can’t see how you’ll pay your rent next week, extra money is motivating. You need it….you yearn for it…you’ll chase that money and work hard to get it. But once you have that money and you find out that it’s not the answer to your internal emptiness, the motivation ceases.
It’s easy to notice the difference when people are doing something that they love. A little more or less money ceases to be a major factor because they are motivated by what’s on the inside.
Nea | Self Improvement Saga´s last [type] ..Inspirational Words- Waiting On the New Year

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