What Can Arnold Schwarzenegger Teach us about Motivation and Money This is part of Join now
What Can Arnold Schwarzenegger Teach Us About Motivation and Money
Jul 17, 2015
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What CanArnold Schwarzenegger Teach us aboutMotivationand Money
This is part of
Join now
How do you
motivatestaff?
Is moneya good
motivator?
Money isn’t a
good motivator!
• A motivated workforce
can do anything
• Bosses need
motivation more
powerful than money
“Money doesn’t make you happy.”
Schwarzenegger Wisdom…
Another carrot isn’t
motivational to the bunny
with a full belly
Money is reallystatus, power and success
Other things you need to know
about
motivation…
When money
demotivates• Unintended consequences
• Unfair
Bonuses are a poor
management tool…
Performance system not in your
control
Historical Performance system
• Infrequent• Subjective• Backwards
• Painful• Time consuming• Stressful
Performance Reviews
These problems tell us what a good
motivational scheme looks like!
1. Simple, fast and objective
1. Simple, fast and objective
2. Under your direct control
1. Simple, fast and objective
2. Under your direct control
3. Forward looking
1. Simple, fast and objective
2. Under your direct control
3. Forward looking
4. Frequent
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Intrinsic Motivation…
Extrinsic Motivation…
Transactional
What you givevs
What you get
Bonuses can actually destroy
motivation
A good manager
doesn’t need to bribe or
coerce their staff to get
them to do what they
should do anyway !
Authority Only Promotes
Compliance
More about POWER &
AUTHORITY in
So what is a good way to
motivate employees?
Maslow’s Hierarchy of Needs
As related to work
1. The desire to grow and learn
1. The desire to grow and learn
2. The desire to use your skills
1. The desire to grow and learn
2. The desire to use your skills
3. The desire to do meaningful work and feel valued
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
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
Management Cornerstones
Manage diverse personalities using DISC
One to Ones
Effective Employee
Relationships & Comms
Effective FeedbackEncourage
better performance
Develop Employees
Improve Employee
Skills & Capability
Effective Delegation
Increaseemployee utilization
Intrinsic motivators are
much more powerful
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