Wednesday, August 7, 2013
The Easterlin Paradox states - beyond a certain threshold, rising incomes don't bring happiness. The focus on monetary benefits raise an employee's performance to a certain level - beyond that, the law of diminishing returns sets in. It takes more that just the "input" of compensation to drive for performance, it requires a certain "internal state" of the employee called - the level of happiness.
Click Here to listen to the full radio interview.