Does Paying a Bonus Increase Motivation?

I was in a conversation with a friend recently, and we were discussing whether he should introduce bonuses into his organisation. And it reminded me of Maslow's Hierachy of Needs. The American Psychologist, Abraham Maslow introduced the Hierarchy of Needs model in 1940-1950. Many would argue that his theory is still relevant today for understanding human motivation, management training, and personal development. And when it comes to money and … [Read more...]