Some business owners, HR Managers, leaders and experts say that all you have to do to get better performance and productivity out of your employees is to create an award system that rewards employees with titles and higher compensation. The end result they say is higher performance and happier , and more engaged employees.
Daniel Pink author of one of my favourite books Free Agent Nation: The Future of Working for Yourself , argues in this TEDTalk that there is a mismatch between what science knows and what business does.
And here is what science knows : Higher pay does not automatically lead to higher performance .
[callout]Watch the video , and let me know in the comments below, what ways you believe we can motivate and engage employees without compensating them higher.[/callout]