Three out of five rated enjoyment of their job as their main motivator at work, a survey of 1,000 employees found.
The Institute of Leadership & Management (ILM) said its study suggested that the billions of pounds spent on bonuses had no impact on the commitment of most workers.
Only 13% said they were motivated by the prospect of a bonus, although a good basic salary was deemed important, with 49% saying they were motivated by how much they were paid.
Those who were interested in performance-related bonuses were more likely to be male, the research found.
They were often at the higher end of the pay scale, in jobs with long hours and high levels of stress, or in more mundane, manual roles.
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