MIT conducted a study about what actually motivates us which yielded some fascinating results. For simple tasks that only involve mechanical skill money is a motivator, however for jobs that called for even rudimentary cognitive skill, autonomy, mastery and purpose are what matters.
The best use of money as a motivator is to pay people enough so they’re not thinking about money, they’re thinking about the work. Once you do that there are 3 factors that lead to better performance and personal satisfaction:
Autonomy – The desire to be self-directed.
Mastery – The urge to get better at stuff.
Purpose -The desire to make a contribution.
When the profit motive becomes un-moored from the purpose motive, bad things happen. Companies that are flourishing are animated by this purpose. For example the founder of Skype says their goal is to be disruptive, but in the cause of making the world a better place. This is the kind of thing that may get you up in the morning and running to work. We are purpose maximizers, not only profit maximizers.
Watch the following presentation by Dan Pink, it’ll make you think, not to mention RSA Animate is really cool:
What do you think?
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