Performance-Based Incentives Quotes

I don't think we should ever compensate players. I think we can do as much as we can for players. The cost of attendance is good. They get more meals now so they can keep their meal money. I think those are all good things and I think more of those things should have been done. But I don't think you can compensate players straight out.

I believe in pay for performance.

I don't like what's going on with the executive compensation.

People may take a job for more money, but they often leave it for more recognition.

Many stock options in the corporate world have worked in exactly that fashion: they have gained in value simply because management retained earnings, not because it did well with the capital in its hands.

Vacations for wage earners have proved both popular with workers and profitable for employers. Unfortunately, the majority of large employers have not yet followed the example set by a number of progressive corporations. I don't know of a single company that has abandoned vacations for wage earners after having tried the experiment. But I do know many that are delighted with the fruits they have gathered. Under some of the plans vacations with pay must be earned by good behavior, punctuality, etc.... The best results have come where the treatment has been regarded as most liberal.

The NFL is a performance-based business, so you should have to perform to earn some of your money. At the same time, I realize that my success isn't just because of what I do out there.

I think we also have learned the lesson that we have to have better incentive structures.

To summarize, using money to motivate people can be a double-edged sword. For tasks that require cognitive ability, low to moderate performance-based incentives can help. But when the incentive level is very high, it can command too much attention and thereby distract the person’s mind with thoughts about the reward. This can create stress and ultimately reduce the level of performance.