Money can’t buy happiness, but it can make you awfully comfortable while you’re being miserable.” – Claire Boothe Luce, US author (1903 – 1987)
Studies have shown that traditional bonus systems for creative work are not only not achieving the desired success, but sometimes even the opposite effect. The popular video of Dan Pink “Drive: The surprising truth what motivates us” shows this formidably.
But there is a solution: With Merit Money, Management 3.0 has an approach that makes bonuses more effective. The system becomes more objective and transparent with Merit Money through, amongst other, the inclusion of the entire team within peer reviews.
