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here's a question for you if you didn't have to work and you just received an
Here’s a question for you: If you didn’t have to work and you just received an endless
endless allowance would you still choose to have a job this episode is supported by Prudential
allowance, would you still choose to have a job?
okay imagine this you're lying on a beach one day it's very pleasant and you
Okay, imagine this: You’re lying on a beach one day, it’s very pleasant!
overhear a conversation between a tourist and a local fisherman why are
And you overhear a conversation between a tourist and a local fisherman.
you here relaxing when you could be out
“Why are you here relaxing, when you could be out catching fish?”
catching fish I caught enough this morning it allows me two days so I
“I caught enough this morning to last me two days, so wanted to lie back and enjoy
wanted to lie back and enjoy the day but
the day.”
if you work more than you can sell the extra fishy catch then soon you could
“But if you work more, then you can sell the extra fish you catch.
buy a motor second boat and maybe one
Then soon you could buy a motor, and a second boat, and maybe one day a whole factory, or
day a whole factory or a restaurant and a helicopter and then what then without
a restaurant, and a helicopter!” “and then what?”
a care in the world you could sit here in the harbor doze in the Sun and look
"then, without a care in the world, you could sit here in the harbour, doze in the sun,
at the glorious sea but I'm already
and look at the glorious sea."
doing that and you realize that the
"But I'm already doing that!”
tourists and the fishermen have pretty different ideas about why we work in
And you realise that the tourist and the fisherman have pretty different ideas about why we work.
part we work so that we can put food on the table have a roof over our heads and
In part, we work so that we can put food on the table, have a roof over our heads, and
clothes to wear but that's not all there
clothes to wear.
is to it if it was we would all view work like the fisherman does just as a
But that’s not all there is to it. If it was, we would all view work like the fisherman does - just as a way to fulfil our
way to fulfill our basic needs
basic needs.
American psychologist Barry Schwartz says that the way we think about work is
American psychologist Barry Schwartz says that the way we think about work is broken.
broken and he blames the founding father of economics Adam Smith Smith believes
And he blames the founding father of economics - Adam Smith.
that humans were inherently lazy sorry
Smith believed that humans were inherently lazy – sorry everyone! – and the only
guys and the only way to get people to work was to pay them this is the
way to get people to work was to pay them.
assumption that underlies how we think of work just working for the man to
This is the assumption that underlies how we think of work - just working for the man
bring home the bacon but Schwartz argues
to bring home the bacon!
that it has created a system where the emphasis on financial reward stops
But Schwartz argues that it has created a system where the emphasis on financial rewards
people from finding other meaning in their work a situation that leads to
stops people from finding other meaning in their work - a situation that leads to lost
lost productivity and discontent think
productivity, and discontent.
about how much time we spend wishing we
Think about how much time we spend wishing we weren’t at work!
were not at work there's a gif mimin ecard for everything from Monday eiders to 3:30 itis Hyundai and TGIF I must
There’s a GIF, meme and e-card for everything from Mondayitis to 3:30-itis, hump day and TGIF.
admit I think I've shared that TGIF gift
I must admit, I’ve tweeted the TGIF one before.
before but we also know that money isn't the only thing that motivates us we do
But we also know that money isn’t the only thing that motivates us.
lots of work that we don't get paid for chores around the house looking after
We do lots of work that we don’t get paid for - chores around the house, looking after
kids playing music or helping friends in
kids, playing music or helping friends.
most cases you're intrinsically motivated to do these things rather than
In most cases, you’re intrinsically motivated to do these things - rather than extrinsically
extrinsically motivated by a wage in
motivated by a wage.
fact some studies have shown that money can actually be a demotivator in 1971
In fact, some studies have shown that money can actually be a demotivator.
American psychologist Edward deci conducted a study with two
In 1971, American psychologist Edward Deci conducted a study with two groups of college
groups of college students he offered
students.
one group of financial incentive to work on a puzzle while the control group
He offered one group a financial incentive to work on a puzzle, while a control group
wasn't paid to work on the task
wasn’t paid to work on the task.
Dessie observed that the people who were given no financial incentives spent
Deci observed that the people who were given no financial incentive spent longer on the
longer on the puzzles and showed more interest in solving them all the Daniel
puzzles and showed more interest in solving them.
pink built on Desi's work to develop the motivation trifecta he argues that once
Author Daniel Pink built on Deci’s work to develop the “motivation trifecta”.
we have paid enough money that financial worries are off the table three things
He argues that once we are paid enough money that financial worries are off the table,
motivate us autonomy to feel as if we have control over things mastery the
three things motivate us: Autonomy - to feel as if we have control over things; Mastery - the feeling of getting better
feeling of getting better at something and purpose finding deeper meaning behind what we do but that doesn't mean
at something; and Purpose - finding deeper meaning behind what we do.
we all have to work for a charity some people find their own purpose in
But that doesn’t mean we all have to work for a charity – some people find their own
their work
purpose in their work.
in one study hospital janitors were interviewed about their job and they
In one study, hospital janitors were interviewed about their job and they identified the importance
identified the importance of their presence to comfort and entertain patients and Families although this
of their presence to comfort and entertain patients and families.
wasn't at all a part of their position description many said it was their
Although this wasn’t at all a part of their position description, many said it was their
favorite part of what they did so if we
favourite part of they did.
could all find meaning in our work would we be unstoppable
So if we could all find meaning in our work, would we be unstoppable?
would we be miraculously in control productive and fulfilled well perhaps it
Would we be miraculously in control, productive and fulfilled?
depends on our individual approach to
Well, perhaps it depends on our individual approach to work.
work psychologists have proposed three distinct ways people approach their work
Psychologists have proposed there are three distinct ways people approach their work:
as a job as a career or as a calling so
As a Job - as a career - or as a calling
maybe you're happy with your job just being a job and it allows you to do
So maybe you’re happy with your job being just a job.
other things that you enjoy maybe you
And it allows you to do the other things that you enjoy.
want to grow and achieve great things in
Maybe you want to grow and achieve great things in your career.
your career maybe you see your workers are calling and a passion that you were
Maybe you see your work as a calling - a passion you were born to do.
born to do but regardless of how you see it finding your purpose at work may just
But regardless of how you see it - finding your purpose at work might just help to make
help to make those Monday mornings a little bit less of a struggle just maybe thanks to Prudential for sponsoring this episode we all want our future to be as
those Monday mornings a little less of
secure as our present but studies have shown that people have a tendency to place a higher value on immediate rewards than future rewards in terms of
our finances most Americans only focus on the final needs of today according to a Prudential study over half of Americans are not on
track to be able to maintain their current standard of living in retirement go to prudential dot-com / save more to learn about how you can make a better
plan for your retirement
a struggle.
[Music]
Just maybe.
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