The Surprising Truth About What Motivates Us
Published by Daniel Hoang
Daniel Hoang is a visual leader, storyteller, and creative thinker. As an experienced management consultant, he believes in a big picture approach that includes strong project leadership, creative methods, change management, and strategic visioning. He uses a range of visual tools to communicate business challenges, solutions, and goals. His change strategy is to build "tribes" of supporters and evangelists to drive change in culture and organization. Daniel is an avid technologist and futurist and early adopter. View more posts
"You have to pay people enough to take money off the table." We all have some $ figure for what we think that is, which is probably too high. There's likely some point where subconsciously, we shift from caring more about salary to caring more about purpose.
You're on to something. The amount, I believe does vary from person to person but cost of living centers. People in urban areas require more to keep up with the standard of living vs people in rural areas.
The amount should be enough so that you don't have to budget for food, shelter, and entertainment. Once you pass that amount, any extra money goes into savings. At this point, any additional raises and bonuses, while nice, won't increase productivity and satisfaction. I bet we can do a social study and calculate this.