Earlier quoted context omitted.
I would challenge this. Let's replace your trivializing phrase "a 'thank you' from your boss on the company newsletter" with just recognition , which obviously can take many forms. We have evidence, cited in this thread, that recognition is generally more satisfying and motivating than financial rewards are (at least those produced by formal incentive plans). What evidence do you have that this effect only holds "at…
I left "a certain threshold" undefined on purpose, because it varies from person to person. The point is that the reward must be meaningful to the person being rewarded , otherwise it is much worse than no reward; the person will become cynical, demoralized, and unmotivated. The main problem is conflicting valuations of the work in question, which holds true whether the the payment is money or recognition. Who is to…
On the contrary, I was referring to the work of Dan Pink and others on the science of motivation, which was mentioned elsewhere in the thread.
I don't usually discount personal experience but this is one area where the empirical findings are surprising. A pretty important one, too, considering the implications for good organizations and happy lives.