This paper provides a comparative account of two conceptualisations of pleasure. The first draws on Foucault's analysis of bio-power. The second provides a phenomenological account where pleasure is viewed as an aspect of our immediate consciousness. These conceptualizations are illuminated through an analysis of employees’ accounts of learning at work. Overall, the paper demonstrates how, in a Foucauldian analysis, pleasure disappears as it becomes a cipher for power whereas within the phenomenological account pleasure is foregrounded but power disappears. The concluding section focuses on the problems of both conceptualizations and explores whether we should simply accept that different analytical frameworks do different work for us or wh...