The conventional wisdom of business compensation is that bigger monetary rewards will motivate people to perform better. News headlines are filled with reports of car company and bank executives receiving huge bonuses. This system of compensation and the assumptions underlying it have been around for so long that no one seems to question whether this is how people really work.  Are people so easily manipulated by a pile of money?

This video by Daniel Pink, author of Drive, explains the real role of money in motivation and points us to the three real motivators of outstanding performance.  Watch the video and think about your own company.

A hat tip and thanks to Jim Hancock for pointing us to this video!