Executive summary: People are compensated for their work in various forms beyond just money, including intangibles like prestige, autonomy, and meaning, and choosing the right career involves understanding what mix of these “currencies” you most value.
Key points:
Compensation comes in many forms beyond money, such as quality of life, status, impact, autonomy, and meaning.
Different industries tend to pay more in certain currencies (e.g. finance in money, music in “coolness”).
Converting between these currencies is often difficult, so it’s better to choose a career that naturally provides what you want.
Managers can motivate teams by creatively offering various forms of non-monetary compensation.
When evaluating job options, consider the full range of compensation beyond just salary.
Reflect on what mix of compensation types you truly value to guide career decisions.
This comment was auto-generated by the EA Forum Team. Feel free to point out issues with this summary by replying to the comment, andcontact us if you have feedback.
Executive summary: People are compensated for their work in various forms beyond just money, including intangibles like prestige, autonomy, and meaning, and choosing the right career involves understanding what mix of these “currencies” you most value.
Key points:
Compensation comes in many forms beyond money, such as quality of life, status, impact, autonomy, and meaning.
Different industries tend to pay more in certain currencies (e.g. finance in money, music in “coolness”).
Converting between these currencies is often difficult, so it’s better to choose a career that naturally provides what you want.
Managers can motivate teams by creatively offering various forms of non-monetary compensation.
When evaluating job options, consider the full range of compensation beyond just salary.
Reflect on what mix of compensation types you truly value to guide career decisions.
This comment was auto-generated by the EA Forum Team. Feel free to point out issues with this summary by replying to the comment, and contact us if you have feedback.