Nonmonetary Incentives and the Implications of Work as a Source of Meaning (aeaweb.org)

From a research paper [PDF]: Many workers care about more than financial compensation in their job. Nonmonetary incentives often matter, too. A firm's mission and the design of one's job can create meaning and purpose for employees. As a result, firms will have reason to care about meaning of work. We believe economists can usefully contribute to the debate about the implications of meaningful work. We are not arguing that financial compensation is unimportant. Lazear (in this volume) provides an excel- lent review of monetary incentives in certain organizations. But we believe that in order to manage modern organizations and understand the future of work, studying workers' nonmonetary motives will be crucial.

Comments

Re:Money is the ONLY reason I work.

[Opportunist]

This is so not true, money isn't everything. How short sighted and narrow minded can you be? I'm not in for the money.

I'm in for the stock options.

Re: Any good manager already knows this

[Kjella]

One guy went into a conference room and played xbox for three fucking weeks trying to get fired. He gave up and quit.

Waaaaaaaaaait a minute, he could play xbox all day without getting fired and wanted to quit? What company is this, asking for a friend...