The Social Advantage

When it comes to motivating teams to execute a strategy, financial incentives like bonuses, commissions, and stock options often take center stage. While these rewards are effective, they don’t tell the full story. One of the most powerful, yet often overlooked, motivators in the workplace is social incentives. Recognition, accountability, and the need to belong frequently prove just as effective—if not more—than financial rewards in driving engagement and performance.

Monetary rewards alone rarely keep people motivated day in and day out. What truly drives many of us is a sense of purpose, recognition from our peers, and a personal connection to the work we do. Almost all of us want to feel like we’re part of something bigger and that our contributions matter. In fact, neuroscience shows that when we receive recognition, the brain’s reward centers light up in much the same way as when we receive financial compensation. This means social incentives are wired into us, deeply influencing our behavior at work.