Difference Between Intrinsic And Extrinsic Rewards

Giving challenging task involving in decision making process giving a higher rank in hierarchy etc all these rewards do not required to have increased salary as well and employee may be working at higher management rank without an increase in the salary and still more.

Difference between intrinsic and extrinsic rewards. Both extrinsic motivation and intrinsic motivation drive human behavior. Intrinsic reward is directly related to job performance as a successful task. There are several key differences between motivation that comes from external rewards and the kind that is driven by an individual s genuine interest including the influence of each type on a person s behavior and the situations in which each type will be most effective. Intrinsic rewards actually fulfills employee s intrinsic factors or motivators and thus motivates him.

Differentiate between intrinsic and extrinsic rewards to understand the nature of rewards we need to distinguish between those that are intrinsic and those that are extrinsic. In other words intrinsic rewards can be defined as the feeling of contentment one finds in the completion of any task.