Intrinsic
An intrinsic
reward actually fulfils employee’s intrinsic factors or motivators and thus
motivation.
Examples:
-
Giving
challenging tasks
-
Involving
in decision making process
An
intrinsic reward do not required to have increased salary and employee may be
working at higher management rank without an increase in the salary and still
motivated.
Extrinsic
An
extrinsic reward actually fulfils employee’s extrinsic factors or hygiene factors
and thus do not let him start thinking about leaving the company.
-
Pay
rise
-
Bonuses
-
Paid
leaves
-
Annual
recreational plans
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