Extrinsic rewards

External rewards are provided by outside sources which include pay and incentives alongside other benefits according to AIHR (2024). External rewards can refer to any sort of incentive whether financial or non-financial which a person gets as motivation to complete tasks and achieve specific goals.

Employee contribution growth during the short term can be achieved through external rewards systems. Staff members will increase their effort levels to receive higher compensation compared to other competitors or achieve financial bonuses based on their performance objectives (Liu and Liu, 2022). Organisations achieve this objective through two strategies: they reward high-performing sales representatives for their successful goal attainment and simultaneously create motivational incentives to expand salesperson skills needed to achieve bonus requirements. Long-term employee despondence becomes more likely when organisations heavily depend on extrinsic motivation since employees focus more on rewards than their actual work tasks.

Intrinsic rewards

CIPD (2022) explains that intrinsic motivation stems from activities which bring personal fulfilment within individuals. People usually learn new abilities by dedicating themselves to study and practise new tasks. Long-serving employee participation can be most successfully achieved through intrinsic award-based methods. Workplace recognition programmes……..

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