Ministerial Pay 2012: What are the incentives?


Chenghu

There is powerful evidence that we have been completely wrong about the effectiveness of financial incentives and extrinsic motivation. Financial incentives often improve performance. But they can also lead to unethical behavior, fuel turnover and foster envy and discontent. Wharton management professors argue that it is time to cut back on money as a chief motivational […]

April 22, 2011