Sital Ruparelia

Whilst the politicians keep talking about clamping down on huge financial incentives in response to the financial crisis, many banks and other corporations contend that large financial incentives are required to attract, engage and retain people.   

But as Dan Pink shows us in his recent talk at the TED Talks,  pay and financial rewards are not the most effective way to engage and motivate employees. They never were in the past, and certainly won’t be in the future.  To engage and motivate people in the future, organisations will need to take a very different strategy.

To motivate people in the 21st century organisations need to focus not on financial rewards but instead on helping employees achieve:

1. Autonomy

2. Mastery

3. Purpose

As usual with Pink, his ideas are based on solid facts and scientific research. 

So tell me, is he right? Is what Pink has to say consistent with what motivates you..?