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76% of high-performance employees say trade mastery, not money, most important

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Re: 76% of high-performance employees say trade mastery, not money, most important

#31

The thing that's so weird about a Late Capitalist society like the U.S. is the amount of time spent ritualizing inequality into a quasi-religious phenomena. The lower classes have no desire for wealth, but instead an ascetic mastery of whatever lot the divine order of the market has handed them. Meanwhile, our gilded class of saints must be free and untroubled by worldly concerns(mostly taxes), so they can harness th…

Watching TED Talks is like this. Sometimes they are interesting, but sometimes, sickeningly self congratulatory.

Re: 76% of high-performance employees say trade mastery, not money, most important

#32

What a weird setup for a false dichotomy. > My latest data shows that 76% of HPEs are not primarily motivated by money. But why? When you come across a peculiar result, "But why?" shouldn't be the first question you ask. Maybe more like "What have I missed? What am I not accounting for? What am I conflating or grouping together? What assumptions did I make, and did I allow my respondents to make any implicit assumpti…

Alternative headline: "76% of HPEs are paid well enough to not be motivated by money" I think what this idea really misses is that there's a difference between being intrinsically motivated by money and being motivated by as a result of one's current financial situation.

I guess. But if we're taking stabs at conclusions, you could also say something like:

"Only 76% of high performance employees feel they are compensated adequately [enough to no longer be motivated by money]."

Suddenly we're writing an article about how a quarter of high performers feeling like they're getting a raw deal, instead of writing about transcendental work.

Re: 76% of high-performance employees say trade mastery, not money, most important

#33
This is what matters to my job satisfaction:

1. Fully remote 2. Great pay 3. Developing for a platform I am passionate about (iOS)

I am fortunate enough to have all three of these things right now, but anytime I've considered making a job change, being fully remote is the requirement that continues to surface as the most important thing to me (and my wife :).

Re: 76% of high-performance employees say trade mastery, not money, most important

#34
This study is suspect. First, using self-identification as high-performance is already troublesome. Second, the author never defines what an HPE is, and the most concrete specification is from this article they backlink to:

  >For example, in a software or tech company they would be:
  > Software Engineers
  > Data Scientists
  > Visual Designers
  > Structural & 3-D Prototype Designers
  > Narrative Developers
This certainly doesn't agree with what almost anybody else uses to define high-performance employees.

Third, the question they use to resolve this is from their survey:

  >Are you motivated more by mastery of skill/craft, or motivated more by earning money?
  > Mastery of skill or craft
  > Money
  > Other
I don't think we can draw any conclusion from the fact that 76% of the people who answered this public google form chose 'mastery'.

Re: 76% of high-performance employees say trade mastery, not money, most important

#35
> 76% of HPEs are not primarily motivated by money.

"Primarily" is a pretty slippery word here. So they are motivated by money, but motivated more by mastery? In that case, how much more? Is it close?

Also, money has diminishing marginal utility. The first $50k of your salary is worth more than the next $50k, and so on. So how much are these people already compensated? If they are the top performers, chances are they are already the top earners too. How much do you have to earn before marginal mastery is worth more than marginal money?

Finally, how do you make this actionable when hiring? If you offer me more salary, I fully trust I will receive it. If you promise me greater mastery (or autonomy, challenge, better peers, making-the-world-a-better-place, etc), I will tell myself that everyone says that. Anyway, I've learned that good work is correlated with good salary, so seeking high compensation is a trustworthy proxy for seeking better mastery. As an employer, how would you answer that?

Of course there is also the question, To make his comparison, how is motivation even quantified and measured? The truth is his whole survey is suspect, but it's interesting nonetheless to see what a willing suspension of disbelief leads to.

Re: 76% of high-performance employees say trade mastery, not money, most important

#36

What a weird setup for a false dichotomy. > My latest data shows that 76% of HPEs are not primarily motivated by money. But why? When you come across a peculiar result, "But why?" shouldn't be the first question you ask. Maybe more like "What have I missed? What am I not accounting for? What am I conflating or grouping together? What assumptions did I make, and did I allow my respondents to make any implicit assumpti…

And when you ask this sort of question people will lie about how important the say money is.

Yes. Whenever you're collecting feedback from a person (or group of people), their own self-image and ego is by far the most important factor in their responses.

It would not even be considered a lie by most. There's just not necessarily any relationship between their self-conception and reality. People are terrible at assessing their own motives (and from this arises marketing, whose goal is to program the target to believe they desire a specific product/brand).

Most people do not see themselves as greedy, and I would guess the respondents to this survey are not in dire financial straits, so they wouldn't make an exceptional circumstance override for themselves (assuming they're the type who'd take such a survey seriously enough to consider that in the first place).

The question, essentially, can be interpreted as "Do you consider yourself noble or non-noble?" Of course, most people consider themselves noble.

This same ego-driven self-narrative is the reason that someone can take a lot of hollabaloo, dress it up in gaudy language, throw in some charts and equations to support the pre-conception, and get people to believe it's insightful and credible.

Re: 76% of high-performance employees say trade mastery, not money, most important

#37
The marginal benefit of money decreases the more money you earn. Each extra dollar earned is less valuable to you than the previous dollar earned. Eventually the costs of earning that dollar in time, stress, etc. overpower the benefits of the dollar itself.

Re: 76% of high-performance employees say trade mastery, not money, most important

#38

What a weird setup for a false dichotomy. > My latest data shows that 76% of HPEs are not primarily motivated by money. But why? When you come across a peculiar result, "But why?" shouldn't be the first question you ask. Maybe more like "What have I missed? What am I not accounting for? What am I conflating or grouping together? What assumptions did I make, and did I allow my respondents to make any implicit assumpti…

Alternative headline: "76% of HPEs are paid well enough to not be motivated by money" I think what this idea really misses is that there's a difference between being intrinsically motivated by money and being motivated by as a result of one's current financial situation.

> Alternative headline: "76% of HPEs are paid well enough to not be motivated by money"

At least in my case, it's more that I'm willing to accept investment in human capital (my skill set growing) in lieu of cash. I do expect that investment to pay off in future returns of some sort (job security, future salary).

It's not that I don't care about salary anymore.

Re: 76% of high-performance employees say trade mastery, not money, most important

#39
I thought the latter part of the article did a good job of getting out of standard incentive-thinking.

Why is someone good at doing something? Maybe they've responded to incentives to develop themselves to satisfy market desires. But it seems more likely that the person has themselves been part of some positive feedback cycle of self-development. You can call that feedback cycle "passion" or "a love of the craft" or "flow" or "talent" or a bunch of things – and there probably are many distinct reasons to enter into that cycle, they aren't just words for the same thing – but in the end there was self-motivation and a personal desire for improvement. Why would that stop? If you got to be good through that motivation, wouldn't you want to keep satisfying it?

Re: 76% of high-performance employees say trade mastery, not money, most important

#40

The thing that's so weird about a Late Capitalist society like the U.S. is the amount of time spent ritualizing inequality into a quasi-religious phenomena. The lower classes have no desire for wealth, but instead an ascetic mastery of whatever lot the divine order of the market has handed them. Meanwhile, our gilded class of saints must be free and untroubled by worldly concerns(mostly taxes), so they can harness th…

Why would high performing employees with office jobs be "lower class"? As others mentioned once you hit a certain income threshold and job security, then you can start prioritizing the parts of the job you enjoy. This is who the article is talking about.

This means keeping a $60k job instead of sacrificing your happiness for $90-100k.

That's hardly quasi-religious phenomena. It's a luxury of skilled people living in a western society.

If anything it's the result of the push back against capitalism, such as the type of comment you just made. We're all told since we're kids to do what we love. And to since the late 1980s this anti-consumerism Fight Club-style mantra has been pushed hard to the point it's basically mainstream now, which is why marketing is so hard these days, even kids see through ads and demand authenticity.

The primary issue of inequality is largely the result of the fact that ~90% of recent job growth since the 2008 recession has been temporary/contract jobs, with little job security. These aren't the type of people who are valuing 'mastery' over money'. Middle class job growth is largely dead. And big incumbents dominate markets and global economic systems push wealth to a few. Entrepreneurship has also declined recently. There's plenty of reasons.

I don't suspect it's some cultural, original sin, type of thing that we should all feel guilty about.

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