Posts Tagged Compensation

Compensation Is Not a Reward

500_F_54422632_D9xdngl2zzWKf7jpudWADUmySXRxrGjvA common response I receive at my presentations on the topic of rewarding relates to the idea that people will only work if they are given a reward. This idea that dangling money and other goodies in front of people will “motivate” them to work harder is the conventional theory in our society. But the fact is that compensation is not a reward.

There are two assumptions here. The first is that people would not work if they were not rewarded. The fact that many people volunteer and invest time in learning skills without compensation puts this idea to rest. In addition, studies on employment conclude that as long as compensation is at a satisfactory level, one’s salary rates among … >>>