When monetary rewards fail to motivate workers

The Straits Times

In an article contribution by Assistant Professor Slesh Anand Shrestha from the Department of Economics, he discussed about whether extrinsic rewards would enhance the productivity of intrinsically motivated workers.

He opined that employers should look beyond the conventional monetary performance bonuses to motivate intrinsically motivated workers. For these workers, non-monetary rewards such as social recognition or peer approval might be more effective.

The โ€œAsk: NUS Economistsโ€ column is a monthly series by the NUS Economics Department. Each month, a panel will address a topical issue.

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