Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

What Can Arnold Schwarzenegger Teach Us About Motivation and Money

680 views

Published on

When it comes to employee performance and productivity is money a good or bad motivator? Are bonuses and incentives the only way to improve employee performance? Find out what Arnold Schwarzenegger can teach us about motivation and money.

Published in: Leadership & Management
  • Be the first to comment

  • Be the first to like this

What Can Arnold Schwarzenegger Teach Us About Motivation and Money

  1. 1. What Can Arnold Schwarzenegger Teach us about Motivation and Money This is part of Join now
  2. 2. How do you motivate staff?
  3. 3. Is money a good motivator?
  4. 4. Money isn’t a good motivator!
  5. 5. • A motivated workforce can do anything • Bosses need motivation more powerful than money
  6. 6. “Money doesn’t make you happy.” Schwarzenegger Wisdom…
  7. 7. Another carrot isn’t motivational to the bunny with a full belly
  8. 8. Money is really status, power and success
  9. 9. Other things you need to know about motivation…
  10. 10. When money demotivates • Unintended consequences • Unfair
  11. 11. Bonuses are a poor management tool…
  12. 12. Performance system not in your control
  13. 13. Historical Performance system • Infrequent • Subjective • Backwards
  14. 14. • Painful • Time consuming • Stressful Performance Reviews
  15. 15. These problems tell us what a good motivational scheme looks like!
  16. 16. 1. Simple, fast and objective
  17. 17. 1. Simple, fast and objective 2. Under your direct control
  18. 18. 1. Simple, fast and objective 2. Under your direct control 3. Forward looking
  19. 19. 1. Simple, fast and objective 2. Under your direct control 3. Forward looking 4. Frequent
  20. 20. Be a Better Boss Join Now
  21. 21. Intrinsic Motivation…
  22. 22. Extrinsic Motivation…
  23. 23. Transactional What you give vs What you get
  24. 24. Bonuses can actually destroy motivation
  25. 25. A good manager doesn’t need to bribe or coerce their staff to get them to do what they should do anyway !
  26. 26. Authority Only Promotes Compliance More about POWER & AUTHORITY in
  27. 27. So what is a good way to motivate employees?
  28. 28. Maslow’s Hierarchy of Needs As related to work
  29. 29. 1. The desire to grow and learn
  30. 30. 1. The desire to grow and learn 2. The desire to use your skills
  31. 31. 1. The desire to grow and learn 2. The desire to use your skills 3. The desire to do meaningful work and feel valued
  32. 32. 1. The desire to grow and learn 2. The desire to use your skills 3. The desire to do meaningful work 4. The desire to fit in
  33. 33. 1. The desire to grow and learn 2. The desire to use your skills 3. The desire to do meaningful work 4. The desire to fit in 5. Good boss relationship
  34. 34. Management Cornerstones Manage diverse personalities using DISC One to Ones Effective Employee Relationships & Comms Effective Feedback Encourage better performance Develop Employees Improve Employee Skills & Capability Effective Delegation Increase employee utilization
  35. 35. Intrinsic motivators are much more powerful
  36. 36. Brought to you by This is Part of

×