How much does employee turnover really cost?

Re:How much does employee turnover really cost? by marcosdumay on Tuesday January 17, 2017 @03:57PM (#13421113)

That's a very well known experiment, and well explained on the one TED talk I've seen it cited. The experiment conclusion is that thinking about money as a reward¹ makes people much less creative.

It's simply amazing how somebody can spin this into "money doesn't motivate people". Some people will only see what they want, and make any excuse for that, no matter how absurd.

1 - Does thinking about it as a problem have the same effect? Is there some data about this?

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Re:How much does employee turnover really cost? by TeMPOraL on Tuesday January 17, 2017 @04:11PM (#13421227)

> It's simply amazing how somebody can spin this into "money doesn't motivate people". Some people will only see what they want, and make any excuse for that, no matter how absurd.

Almost nobody reads the original studies. Instead, they read news stories and articles, most written by professionals who are paid to spin it in amazing ways.

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Re:How much does employee turnover really cost? by hengheng on Tuesday January 17, 2017 @05:37PM (#13422142)

Reports on studies are there to create one-liners, bite sized phrases that are to be repeated and retold over and over.

So, memes.

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