This action might not be possible to undo. Are you sure you want to continue?
people be paid?
Question # 1
about what people are
paid be shared openly?
An increasing number of companies
are releasing all salary information
to the public.
At Menlo Innovations,
everyone can see what
everyone else is getting
com/article/SB10001424127887324235104578243673073627726. http://online.html .At Whole Foods. everyone knows what everyone else earns.wsj.
com/watch?v=gJkOPxJCN1w .People working for Semco have access to information about the company’s revenues and costs – including wages of everyone who works for the company. http://www.youtube.
com/hack/simply-practical-model-compensation-management .managementexchange.Whether a person is satisfied with his or her relative value mainly depends on how his or her compensation compares with the compensation of his or her peers. http://www.
Question # 2 Who should decide how much people are paid? .
mixprize.org/story/innovation-democracy-wl-gores-original-management-model . people are asked to indicate who’s making the biggest contribution to Gore’s success.At Gore. An associate typically is evaluated by 20-30 peers and will evaluate 20-30 peers. http://www. No specific criteria are provided.
. Thomas W. Malone.The energy company AES has tested a system that sets salaries through peer review. p. each person sent a proposed salary for himself or herself to everyone else in the group. In the experiment.: The Future of Work. 67.
The average of these numbers then determines each person’s actual compensation.A possibility is to let each person in a group assign a percentage of the total compensation budget to all the others.: The Future of Work. . 67. p. Thomas W. Malone.
Question # 3 Should people be paid per task done? .
colleagues are paid on commission for doing tasks: They can. ask each other: ”I have an extra half hour.At the company Fishbowl.org/2013/03/why-we-pay-all-our-employees-a . Is there anything I can do to help you finish a sale?” https://hbr. for example.
grades. Jr.psychologytoday.com/blog/who-we-are/201005/motivating-students-learn . various behaviors. has conducted large-scale studies paying students for reading. The results indicated positive outcomes. especially for paying students to learn specific skills.Harvard University Professor Roland Fryer. http://www. and test scores.
Question # 4 Should people be paid an individual bonus? .
businessweek.com/articles/2014-07-22/for-ceos-correlation-between-pay-and-stock-performance-is-pretty-random There is no correlation between CEO pay and company performance .http://www.
Financial incentives may reduce an person’s natural inclination to complete a task and derive pleasure from doing so. Analysis by Bernd Irlenbusch of 51 separate studies.com/more-pay-equals-less-work/ . http://timesmediamw.
Wenn man die Boni zur Motivation braucht.html .faz. Harald Krüger BMW http://www.net/artikel/C31151/bmw-personalvorstand-unsere-leute-brauchen-keine-karotte-30029080. fördert das eine schädliche Entwicklung für das Unternehmen.
”Where's my sticker?” ”I want a sticker!” ”I won't do anything without a sticker!” I discovered they had become addicted to stickers. and informed my students that there will be no stickers for a few days. One day I ran out. http://www.org/blog/reward-fraud-richard-curwin . A riot ensued.When I taught 7th grade English. I frequently gave stickers to my students.edutopia.
rug.hbr.html .org/cs/2013/04/does_money_really_affect_motiv. run a serious risk of diminishing rather than promoting intrinsic motivation.nl/gmw/psychology/research/onderzoek_summerschool/firststep/content/papers/4.pdf http://blogs. indeed. http://www.4.Studies by Edward Deci show that strategies that focus primarily on the use of extrinsic rewards do.
com/Judge. In other words. you cannot buy engagement with money.pdf .%20(JVB%202010).%20et%20al.Several studies show that there is less than 2% overlap between pay and job satisfaction levels.org/2013/04/does-money-really-affect-motiv http://www.%20Podsakoff.timothy-judge. https://hbr.%20Piccolo.
Analysis by Bernd Irlenbusch of 51 separate studies.External rewards work well for routine. mechanical tasks. such as those found on a 20th century assembly line. http://timesmediamw.com/more-pay-equals-less-work/ .
teacherspayteachers.com/Product/How-do-you-motivate-yourself-1378486 .Further inspiration https://www.
Question # 5 Should peple be paid an individual bonus that must be given to others? .
org/2013/10/the-bonus-employees-really-want-even-if-they-dont-know-it-yet/ . Teams that received pro-social bonuses performed better after receiving the bonuses than teams that received money to spend on themselves.hbr. http://blogs.National Australia Bank gave money to people working for different companies and asked them to give gifts to each other.
Question # 6 Should all managers be paid the same salary? .
http://www.org/papers/w11744 . drivers.nber.In Santiago. Chile. who are compensated with a fixed wage have approximately 67% less accidents per kilometer driven than drivers who are paid per passenger transported.
com/article/SB10001424127887324235104578243673073627726.wsj. the top 7 executives get the same pay and bonus.At Whole Foods. http://online.html .
abstract http://blogs.000.In the USA.org/cs/2013/04/does_money_really_affect_motiv. Afterwards.pnas.org/content/early/2010/08/27/1011492107.hbr.html . http://www. emotional well-being levels increase with salary levels up to a salary of USD 75. they plateau.
Question # 7 Is paying people to be creative a good idea? .
com/time/nation/article/0.Edward Deci has found that money does not work very well to motivate people over the long term.8599.1978589-2.00.html#ixzz0krFBzRx8 .time. particularly for tasks that involve creativity. http://www.
that create wealth in the creative economy. creativity. and passion. cannot be commanded http://bigthink.Initiative.com/garyhamel/the-problem-with-employees .
Question # 8 How are people praised for results in nonfinancial ways? .
for any human being .org/2013/10/fergusons-formula/ar/4 .there is nothing better than hearing “Well done.For a player .” Sir Alex Ferguson http://hbr.
Thank you. I really appreciated your work on that project. These words take less than 10 seconds to say. Great job.forbes. http://www.com/sites/victorlipman/2013/02/09/in-praise-of-praise/ .
Non-financial incentives are more effective than financial incentives http://www.com/insights/organization/motivating_people_getting_beyond_money .mckinsey.
edu/the-magazine/2011-winter/52210/the-5-myths-of-innovation/ . We therefore involved people in presenting their ideas to senior management.mit. http://sloanreview. They wanted to be engaged and to participate.People reported that recognition of their ideas was a reward in itself.
Collaborating with a different department.At your next department meeting.bqf. Paul Sloane http://www. Bringing an external idea into the company. Trying something new. Making something happen.uk/innovation/2010/04/06/praise-the-behaviours-you-want-to-see/ .org. Challenging the conventional way of thinking. see if you can find someone to praise for: Coming up with some great ideas.
CEO of PepsiCo.Indra Nooyi. sends the spouses of her top team handwritten thank-you letters.mckinsey.com/insights/organization/increasing_the_meaning_quotient_of_work . http://www.
Further inspiration https://www.com/Product/How-do-we-give-feedback-1761017 .teacherspayteachers.
Question # 9 How are people praised for effort in nonfinancial ways? .
html . http://www.Study shows that it is much better to praise a child for effort than for their intelligence.nytimes.com/1998/07/14/science/praise-children-for-effort-not-intelligence-study-says.
Praising students for what they did and did well is a good motivator http://youtu.be/RzkwtIMPkrs Minute 36. .
com/watch?v=HhxcFGuKOys minute 9.http://www.youtube. .
But in my experience.be/9buGE_vKxcc https://hbr.org/2011/02/secrets-of-positive-feedback Douglas R.Writing handwritten notes may seem like a waste of time. Conant . they build goodwill and lead to higher productivity. Sources http://youtu.
org/video/4093719303001/change-the-way-you-pay-your-sales-force http://blogs.hbr.innosight.org/video/4093719303001/change-the-way-you-pay-your-sales-force https://hbr.html http://www.de/2008/21/III-Kunst_-Interview-Anderson?page=2 .zeit.org/cs/2012/09/how_to_find_out_what_customers_will_pay.Further sources of inspiration https://www.org/2014/10/capture-more-value/ar/1 http://www.hbr.com/wp-content/uploads/2011/12/Crowd_Business_Models.alumni.resultsfromcrowds.hbr.pdf http://youtu.hbr.org/2014/06/dont-offer-employees-big-rewards-for-innovation/ http://blogs.pdf https://hbr.happinessresearchinstitute.html http://blogs.org/cs/2013/02/why_good_better_best_prices_are_so_effective.com/images/BMI%20Chart%20063008.edu/stories/Pages/story-bulletin.html http://blogs.aspx?num=4992&sf43327163=1 https://hbr.org/2013/11/when-selling-digital-content-let-the-customer-set-the-price/ http://blogs.pdf http://rcs.be/1ju8-agpCAQ http://www.com/download/i/mark_dl/u/4012080374/4605335061/TheH appyDanes%20%28Webedition%29.org/cs/2010/01/is_your_business_model_a_myste_1.hbs.hbr.com/money/ http://www.seerinteractive.
Thank you for your interest. feel welcome to visit http://frankcalberg. For further inspiration and personalized services. .com/ Have a great day.