Google, Facebook And Amazon Just Revealed Their Median Pay
Price decided to reduce his CEO
salary from $1.1 million per year
down to $70,000 per year and then
(using some of the difference)
established a new minimum wage
of $70,000 in his company. He
came across a Princeton
study that showed money
ceases to be a good motivator
at the $75,000 mark–where it
then quickly reaches a point of
So price figured, why not glean the
most you can get from money as
a motivator, cut right to the chase
by starting everyone at $70,000,
and then move on to more
Money simply does not sustain
motivation over the long haul.
Now granted, it’s very motivating
to see increased pay in terms of
women closing the gender pay gap.
This just happened in astonishing
fashion when it was announced
that Claire Foy, who plays the
role of Queen Elizabeth II in the
So, for certain, neutralize money
as a de-motivator as much
However, for sustaining
motivation, place your bet on
meaning. Unlike with this article,
there’s no comparison.
This article originally appeared here.
hit show The Crown, is getting
$275,000 in back pay to close
the gap on what she was making
relative to male co-star (and mere
husband to the queen) Matt Smith.
But again, data does not support
money as a long-term motivator.
So where can leaders turn
for generating sustaining
Crafting work that
matters. Imbuing work with
a sense of purpose. Holding
sacred the opportunities for
employees to learn and grow.
Intentionally building their
sense of self-esteem and
competence. Granting autonomy.
Building a caring, authentic,
Money can’t buy motivation, but
all of this can.
Scott Mautz is a popular keynote
speaker and the author of Find
the Fire: Reignite Your Inspiration
& Make Work Exciting Again, the
anticipated follow up to Make
It Matter: How Managers Can
Motivate by Creating Meaning –
a book that has received many
accolades including “The 2106
Leadership Book of the Year
- First Runner Up”. Scott is an
Adjunct Professor at Indiana
University where he teaches
others-oriented leadership and the
secret to sustaining motivation.
He is also the CEO of Profound
Performance LLC. Scott’s been
named a “CEO Thought-leader”
by The Chief Executives Guild and
a “Top 50 Leadership Innovator”
by Inc., where he also writes a
bi-weekly column for the national
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