Site icon Newco Shift

The Value of Intrinsic Rewards

Get Shift Done: Management

Source: Brian Fitzgerald at Flickr

You know what’s demotivating?

Money.

No, seriously. I know that sounds ridiculous. It sounds counter to everything we’ve been brought up to believe.

But it’s true. Science says so.

Daniel Pink talks about this a lot in his groundbreaking book, Drive. He talks to Edward Deci and Richard Ryan, researchers at the University of Rochester and the fathers of “self-determination theory.” He talks about studies proving that people are more likely to participate in an activity they perceive value in, rather than ones that they are paid for. He talks about intrinsic motivation.

What’s Intrinsic Motivation?

Before we answer that, let’s look at extrinsic motivation. This is the old carrot and stick. Do something good, you’ll get something good. Do something bad? Thwack. You get the stick.

Carrots and sticks have traditionally been the model for dealing with under-performing teams. Companies would hold out a carrot — get this job done and everyone gets a special lunch brought in! — or threaten with a stick — don’t get this done and no one will get holiday bonuses — and the expectation was that would be enough to motivate people.

But research shows the opposite happens. Sure, people get the work done, but they take the shortest path, do the minimum, produce a shoddy product.

This is where intrinsic motivation comes in. When a task is interesting, or seen as having value, people are more likely to attack it wholeheartedly. Tasks like that don’t just motivate people to work on them, it motivates them to produce work of superior quality.

Switching the reward paradigm in a company — or even on your own team — is a big task. But it’s worth it. Employees are happier, more motivated, more creative. Companies enjoy better quality work, more innovation and higher employee retention.

Working Intrinsic Rewards Into Your Culture

The good new is that you don’t really need much from your company to get started. It’s not like trying to get a bonus for your team, or a promotion for a top performer. Just incorporating a few things into the way you manage can motivate them in ways money can’t.

There are a few keys to remember when motivating your team this way. Basically the work must:

https://upscri.be/6d0ed7


The GSD Management channel is brought to you by Work Market, the leading labor automation platform. Work Market empowers businesses and skilled professionals to unlock new levels of productivity, engagement and growth across the entire lifecycle of work. Learn more at www.workmarket.com.

Exit mobile version