Where do you stand? The science behind your Bonuses...
stumbled upon this video from a TED talk by Daniel Pink... 18 min but very worth it.
The more i watched the more I thought how tied to the financial industry this could prove. I just think its a video that is worth watching.
To an outsider (me), it seems like a lot of the IB world has major groupthink and therefore causing these systemic issues that seem to be everywhere. Is it possibly due to the "narrow" minded focus (due to large bonuses) that the speaker talks about... Could the IB world use a healthy dose of "outside the box" (via small bonuses)
Or....
Does behavioral science not apply to the "real" world?
Where do you stand?
I dont think smaller bonuses will help at all, this is just bullshite cooked up by politicians who need a bad guy. Paying people less money doesn't ipso facto impart upon them a broader knowledge of the world around them.
the smaller bonus wouldnt necessarily equal less pay, there has been mention of higher salary and no bonus. but what about a middle road of less bonus with a higher guaranteed salary equating to low salary + high bonus.
behavioral science isnt exactly science in a vacuum. its science dealing with people and real problems.
We already had a discussion about this maybe a week ago ( I think Uncle Eddie blogged about it). Removing the uncertainty of "X" bonus would kill productivity (even doing a middle of the road approach would not work). I'm making 80K base and I am immune to it.....I work hard for the bonus, not because i'm already getting paid a high base salary.
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