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Why More Money Won’t Motivate Your Employees

The Leadership Insider network is an online community where the most thoughtful and influential people in business contribute answers to timely questions about careers and leadership. Today’s answer to the question: How do you keep your team motivated? is written by Pau Sabria, co-founder and CEO of Olapic.

Historically, business leaders have used varying techniques to motivate their teams, including bonding activities, team-based performance goals, and even hanging inspirational quotes around the office. However, while many of these practices are tried-and-true, there have also been leaders who have inspired teams in meaningful capacities, such as Steve Jobs or Richard Branson, who are consistently revered for their untraditional approach to the workforce.

With each new generation bringing their own quirks and eccentricities to the workforce, a slightly modified approach is required to engage employees and motivate them to perform at their peak levels. Still, the conversation around motivation, and the systems in place not just organizationally, but across broader society, have remained fundamentally disconnected from the individualistic and highly complex concept that is “motivation.”

What do I mean? Well, motivation, at a high level, has traditionally been…

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