Myth no. 1: Money is the main motivator
This widespread but misleading notion suggests the best way to motivate employees is through financial rewards. While fair and adequate compensation is certainly important, in most cases it is not the strongest long-term motivational factor. According to Psychology Today, recognition, meaningful work and opportunities for growth are often far more effective.
Myth no. 2: More pressure means better performance
Many managers believe that constant pressure to perform will lead to better results. In reality, however, the opposite is often true: excessive stress leads to burnout, frustration and a decline in productivity.
Myth no. 3: All subordinates are motivated by the same things
The final false assumption is that what motivates one employee will automatically work for all the rest. In fact, motivation is highly individual and depends on personality, values, goals and life circumstances.
As a leader, you must get to know your subordinates well. What drives one person may be completely irrelevant to another. Adapt your approach and take the time to discover what genuinely inspires each individual.
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