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Money motivates people more than any other factor in the workplace

April 27, 2017 Thanh Nguyen Tu

Date: Friday, June 10, 2016

Participants (from 10 countries)

View fullsize USA.jpg
View fullsize Argentina.jpg
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USA: Rick | Argentina: Johny | Iran: Rojhano | Pakistan: Alex, Ayisha, Fahad, Saifi | Algeria/France: Djamila | Bangladesh: Mohiuddin | Russia: Oleg | Egypt: Haitham | Iraq: Zahir | Switzerland: George

Host: Rick

Co-Host: Johny

Format: Discussion (was planned as a debate however decided to have a more generalized discussion using a Pro/Con format)

Pro:

  • A lot of people are motivated by monetary incentives, because this is something tangible
  • The realities of life, housing expenses, food, transportation, health insurance etc. require that you make money, therefore this is the primary driver 
  • For many people, success is defined by income levels, therefore the higher the income, the more successful you are
  • Some people see higher wages are way to improve their quality of life
  • In some countries, where other career associated "benefits" are not available to employees, increase pay may be the only factor that matters
  • More money = more power/authority

Con:

  • Stability is more important, particularly if you have family responsibilities.  Having a high paying job that will not last will not help you to take care of your responsibilities in the long term
  • Other factors that are very important to people: Purpose, Stability, Benefits, Socialization, Happiness
  • In some cases in depends on the type of job, some people are service oriented i.e. teachers, nurses, social workers etc.  For many of these people, the purpose in providing services to others is the highest calling
  • A healthy work environment, good relationships with co-workers, etc is very important.  In the USA, the average person may work about 40 hours per week, which at the end of their career, adds up to a significant portion of their life in the workplace.  So, having a good work environment is important for long term health and happiness
  • Values and principles will determine success in the work environment, not the amount of money they earn
  • "Service to others is the rent you pay for your time on earth"
  • "People will forget what you said, what you did but not how you made them feel"
  • Experience and credentials are the most important factors for motivating people

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