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75. What makes your team say Yes? Exploring the Psychology of Influence with Phill Agnew

Truth, Lies and Work

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Rethinking Traditional Bonuses in the Workplace

This chapter explores the effectiveness of financial bonuses as incentives in the workplace and discusses the temporary nature of rewards in influencing lasting change in employee behavior. It emphasizes the need for a shift in thinking among business leaders regarding the use of traditional bonuses, delving into concepts like loss aversion and social loafing.

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