tag:blogger.com,1999:blog-4073991368963140015.post385216709692512339..comments2023-11-05T12:18:27.222+00:00Comments on Labour And Capital: Motivational blahTom Powdrillhttp://www.blogger.com/profile/05511483398745094803noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4073991368963140015.post-76255049565605529482010-02-03T10:59:49.991+00:002010-02-03T10:59:49.991+00:00I just saw this (http://bakadesuyo.com/what-really...I just saw this (http://bakadesuyo.com/what-really-motivates-workers-1) and it looks relevant to this post. Anecdotally, it rings true - I know when I have felt I'm not achieving anything at work, my motivation has gone through the floor.Tomhttps://www.blogger.com/profile/10366614248596861936noreply@blogger.comtag:blogger.com,1999:blog-4073991368963140015.post-91437742520248330942010-02-01T20:36:12.585+00:002010-02-01T20:36:12.585+00:00Your argument is good as far as it goes, but -
(1...Your argument is good as far as it goes, but -<br /><br />(1) The bank employees eligible for the big bonuses are as a rule fiercely competitive; they are motivated by the need to 'win' the biggest bonus, as much for the implied recognition as the money. In this respect it is only the relative pay (versus their peers), not the absolute pay, that matters.<br /><br />(2) The huge sums known to be paid to some individuals are - for the employers - an effective soul-harvesting lure. They offer the tempting prospect that if you devote every waking thought to work, neglecting family, friends and outside interests for 20 years or so, you can maybe retire obscenely fat and happy. No sane individual would sacrifice the best years of their life to a bank without such an inducement. The benefit of this to society at large is questionable!Anonymoushttps://www.blogger.com/profile/10348706041766312983noreply@blogger.comtag:blogger.com,1999:blog-4073991368963140015.post-32460296336837623532010-01-25T22:53:35.360+00:002010-01-25T22:53:35.360+00:00How much would what your peers got paid have affec...How much would what your peers got paid have affected your attitude to the job? I think part of the problem with bonuses in the city was the publicity associated with them meant that a) traders expectations went up, b) their bargaining position was stronger. <br />Traders were always in a stronger position than most when it came to pay/bonus remunerations because they could point to much clearer profit figures than most people - "I made you £14m last year so I want £2m." If you work in sales elsewhere, overheads are much higher as a proportion of revenue, and if you're back office, it's hard to point to an absolute figure for "added value".Tomhttps://www.blogger.com/profile/10366614248596861936noreply@blogger.com