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Welcome to the Good Monday Blog - my regular rumination about "the heart of every problem" which is "the problem of the heart." Unless we address what's inside, we cannot effective solve what's on the outside.
Wednesday, August 7, 2013
The Myth of Bottom-Line Compensation
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.
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