What Happens to Workers Focused on Money?
When making money is your top priority, you risk losing some of what makes you feel human.
In six related studies, Brian Lucas, assistant professor of organizational behavior at the ILR School, and Rachel Ruttan, MS ’11, assistant professor of organizational behavior at the University of Toronto, studied how the pursuit of money affects the way people see themselves.
Their findings are published in “Organizational Behavior and Human Decision Processes” this month.
“Before undertaking this research, we’d observed how people tend to focus on money and wealth in the workplace, and we wondered: What is this doing to their well-being?” Lucas said.
Their studies found that prioritizing monetary goals over goals unrelated to the pursuit of wealth (e.g., leisure) leads to self-dehumanization – the tendency to view oneself as more object-like, cold and robotic.
Perceiving oneself as fully human is a central component of well-being. Feeling less than fully human – feeling dehumanized – can have negative consequences such as feelings of inadequacy and anti-social behavior and isolation, and lower levels of trust.
These altered perceptions have consequences. “We demonstrate in our paper that when people feel less human, they’re less likely to want to interact with a close co-worker,” Lucas said.
Reciprocally, participants in the studies who were led to self-humanize – to reflect on their human nature and on how humans differ from robots – were less likely to prioritize money over other goals.
“These effects happen because of the antagonistic tension between self-focused values, such as money prioritization, and other-focused values,” Lucas said. “When you prioritize self-focused values concerns about others become less salient, and when you prioritize other-focused values concerns about the self become less salient. You can’t be fully self-focused and other-focused at the same time.”
Finding by Lucas and Ruttan suggest that money prioritization is at odds with our perceptions of human nature.
One fundamental characteristic of feeling human is connections with other people. Prioritizing money, he said, prioritizes self-focused goals. “This de-prioritizes other-focused goals. The less we feel we’re pursuing other-focused goals, the less we feel we are living, breathing members of the human race, as opposed to robots.”
“Understanding the ways in which the self can be (de)humanized has important implications for human motivation, behavior and well-being,” the researchers write. “These findings … have implications for managers and policymakers interested in the structure and consequences of incentive systems.”
Their research highlights the need for cultures and incentive systems built on more than just monetary outcomes. “Organizations should focus on things that make people broader and whole, that help them prioritize a wide range of goals, not just the monetary ones,” Lucas said.
“For example, wellness programs that bring the humanness back into being a human worker would be very effective.”
He conceded that, at times, “to get ahead, you may have to sacrifice your own humanity for a period of time. That’s a reasonable thing to do, if money and wealth is what you really value.”
“But our paper helps people see the consequences of doing that. You should know what you’re giving up if you choose to focus on money.”