If people know they are part of the team and their work is valued, then they become more loyal and committed.

Financial rewards are not the only way to increase the performance of an individual or team and create motivational drivers

by Kerry Goyette | Industry Week

Fear of losing is often a more powerful motivator than the promise of winning. Therefore, emotionally intelligent leaders find ways to mitigate the perception that there is something to “lose.”

Daniel Kahneman’s experiments in motivation showed that when people were offered a chance to accept or reject a gamble, most people refused to take a bet unless the possible payoff was around double the potential loss. In other words, you can offer all the carrots you want, but your employees may end up more motivated by their fear of losing out on the carrot than the possibility of winning it.