Incentive Pay Quotes & Sayings

For example, one way of giving yourself a strong incentive to reach your goal is to commit to pay money to someone if you fail. Better yet, you can specify that you will have to pay a certain sum to a cause that you detest. — Peter Singer

The more government takes in taxes, the less incentive people have to work. What coal miner or assembly-line worker jumps at the offer of overtime when he knows Uncle Sam is going to take sixty percent or more of his extra pay? ... Any system that penalizes success and accomplishment is wrong. Any system that discourages work, discourages productivity, discourages economic progress, is wrong. If, on the other hand, you reduce tax rates and allow people to spend or save more of what they earn, they'll be more industrious; they'll have more incentive to work hard, and money they earn will add fuel to the great economic machine that energizes our national progress. The result: more prosperity for all - and more revenue for government.4 — Donald J. Trump

Why pay a fee for Internet content when a million free sites are just a click away? There's no incentive until people are too addicted to the Net to turn off their computers, yet are bored with what's available. — Nathan Myhrvold

It's just economics 101: When it's free to pollute, you get more pollution. But when there's a price to pay, industry will have an incentive to find low-cost carbon solutions. — Fred Krupp

Our prevailing system of management has destroyed our people. People are born with intrinsic motivation, self-respect, dignity, curiosity to learn, joy in learning. The forces of destruction begin with toddlers - a prize for the best Halloween costume, grades in school, gold stars - and on up through the university. On the job, people, teams, and divisions are ranked, reward for the top, punishment for the bottom. Management by Objectives, quotas, incentive pay, business plans, put together separately, division by division, cause further loss, unknown and unknowable. — Peter M. Senge

Forces of Destruction: grades in school, merit system, incentive pay, business plans, quotas. — W. Edwards Deming

It's my guess that something like 5% of GDP goes to money management and itsattendant friction. I define it broadly - annuities, incentive pay, all trading, etc. Nobody else has used figures that high, but that's my guess. Worst of all, the people doing this are among the best and the brightest. Hundreds and thousands of engineers, etc. are going into hedge funds and investment banking. That is not an intelligent allocation of the brainpower of the civilization. — Charlie Munger

Crossing my arms, I glanced around. "You push too hard and the way you talk makes me feel bad. I don't want to defend my parents, but you force me to by making fun of them."
"That's no excuse to lose out on a little fun with a hot guy who's got cash to pay for a big lunch."
"It's true that you're hot."
"I could flex my muscles if you need a little extra incentive."
Grinning, I glanced at his strong tanned arms. "Sure, why shouldn't I feel you up since you've got me pinned."
"Oh, don't play the victim, nerd. My crotch is right here in case you need to take a shot and make a run for it. — Bijou Hunter

We need to align the incentives so that colleges have an incentive to keep down their costs ... to graduate students on time with degrees in areas where they're going to be able to get jobs and going to be able to pay back those loans. — Elizabeth Warren

As long as ratings are directly linked to pay and career opportunities, every employee has this incentive to exploit the system. — Laszlo Bock

This was years ago, I think during the early [Ronald] Reagan years. I came up with a plan that everybody just pay $8.95 in taxes. Cheating would be allowed. But the incentive to cheat wouldn't be nearly as great if you only had to pay the $8.95. There were a few people who would have to pay hundreds of millions of dollars under this plan. I think it was Mark Goodson and Bill Todman, the guys who do the quiz shows. But almost everybody else would be off really cheap. — Dave Barry

In some circumstances, a focus on extrinsic rewards (money) can actually diminish effort. Most (or at least many) teachers enter their profession not because of the money but because of their love for children and their dedication to teaching. The best teachers could have earned far higher incomes if they had gone to banking. It is almost insulting to assume that they are not doing what they can to help their students learn, and that by paying them an extra $500 or $1,500, they would exert greater effort. Indeed, incentive pay can be corrosive: it reminds teachers of how bad their pay is, and those who are led thereby to focus on money may be induced to find a better paying job, leaving behind only those for whom teaching is the only alternative. (Of course, if teachers perceive themselves to be badly paid, that will undermine morale, and that will have adverse incentive effects) — Joseph E. Stiglitz