Dear all, I'd like to share a speed review by summary.com of a book entitled, 'Payoff' by Dan Ariely ka. At first I didn't feel it was attractive but there were little things that led me to think a lot further ka.
The key question is, 'What would be the right motivation to engage employees?'
The author writes that employees work for money and 'money plays a role, but it is only one of a number of factors that contribute to motivation. Achievement, happiness, purpose, a sense of progress, relationships with your colleagues, concerns about your legacy, pride, even the number of young children at home will all play a part in one’s motivation'. This reminds me of a TedTalk vdo, stressing that decades of research show that healthy relationship makes our lives much happier.
Several research experiments this author conducted to offer different incentives at the beginning of each day to increase more productivity were interesting ka. Each group was given incentives differently from cash to vouchers for pizza, a note of thanks from the CEO, and nothing. I was thinking that I can't be sure if a note of thanks from the CEO can be applicable to our Thai context that much ka. What about you ka?
Of the three days, the bonus cash that came in last and pizza came first. It was surprising to find that the CEO's compliments worked well too ka. The group with no incentives performed better even. The author points out that the cash bonus only increases costs, not productivity.
What counts most is to nurture the sense of accomplishment — of having “built” or “created” something — which is a major motivator for people.
The author has proved that it’s time to recognize the payoff that comes when we stop thinking in terms of trade-offs.
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