Peter Drucker on pay and rewards for knowledge workers

Knowledge workers demand economic rewards… Their absence is a deterrent.

But their presence is not enough… [Knowledge workers] need opportunity; they need achievement; they need fulfillment; they need values.

Only by making themselves into effective executives can knowledge workers obtain these satisfactions. Only executive effectiveness can enable society to harmonize its two needs: the needs of the organisation to obtain from the individual the contribution it needs, and the need of individuals to have the organisation serve as their tool for the accomplishment of their purposes.

Peter Drucker – The Daily Drucker from The Effective Executive

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