Slashdot Mirror


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.

1 of 148 comments (clear)

  1. Re:I feel sorry for you by Decameron81 · · Score: 5, Insightful

    If the only thing in life you can see any value in is money, I feel sorry for you, because you'll never be satisfied.

    That's a bit extreme though. This discussion is about what you value in work, not life. You could love travelling on your own, but still only care about money from work.

    As an example: I'd really rather travel with my family than do it with my colleagues.

    In my life work serves a very specific purpose: sustain myself and my family. For fun, learning, and other things... I prefer to do them on my own, with the people that I chose.

    --
    diegoT