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...]

Free Drinks That You Pay Yourself

Free Drinks That You Pay Yourself I love the band Athlete and their song “Flights to El Salvador”. In the lyrics there is a great line: “Free drinks that you pay yourself.... can’t quite put my finger on it”. Athlete, who were signed at the time to Parlophone who are owned by EMI, raise a question for me with these lyrics. In the music industry it is well-known when a band takes an advance for an album, there are lots of costs incurred. … [Read more...]