Incentive pay

Although, there are enough knowledge and experience on them we are still debating them.

Some car dealerships pay their sales force only commissions on sales and some a fixed salary. The same happens with furniture stores.

Some people are proposing "merit pay" for teachers to improve the quality of teaching.

One of the "Principles of Economics" say that "people respond to incentives". What do you think?

a. Are monetary incentives desirable? [Some authors also talk about "non- monetary" incentives, such as a job in which you learn, etc.]

b. Do they obtain better results?

c. Is easy to agree in incentive system?

d. How is the administration of this systems?

e. Which are the challenges?

f. Do people in different countries respond to incentives in the same way?

Videos

Pros and cons of merit pay for teachers. https://youtu.be/1e7vfQz_U1U

Kahn Academy. Incentive Theory. https://youtu.be/vr9k-TO1_Zc

RSA ANIMATE: Drive: The surprising truth about what motivates us. https://youtu.be/u6XAPnuFjJc

Dan Pink: The puzzle of motivation. https://youtu.be/rrkrvAUbU9Y

How Motivation is Driven by Purpose - and not Monetary Incentives. https://youtu.be/dgKKPQiRRag

Finland's Revolutionary Education System. https://youtu.be/qlOfZL_J5fo