Motivating Employees with Intrinsic Rewards

What are intrinsic rewards and how do they differ from extrinsic rewards?

How can intrinsic rewards impact employee engagement and productivity?

Intrinsic Rewards vs. Extrinsic Rewards

Intrinsic rewards refer to the internal satisfaction and fulfillment that individuals receive from doing meaningful work. On the other hand, extrinsic rewards are external motivators such as bonuses, promotions, or other tangible incentives.

Impact on Employee Engagement and Productivity

Research shows that intrinsic rewards can significantly impact employee engagement and productivity. When employees are motivated by personal satisfaction, a sense of achievement, and enjoyment in their work, they are more likely to be committed, effective, and productive.

Many organizations use extrinsic rewards like bonuses and promotions to motivate their employees. However, intrinsic rewards play a vital role in fostering a positive work environment and driving long-term motivation.

Employees who are intrinsically motivated tend to be more satisfied with their work, leading to higher levels of engagement and productivity. When individuals find personal fulfillment and meaning in their jobs, they are more likely to go above and beyond to deliver outstanding results.

It is essential for companies to recognize the importance of intrinsic rewards in shaping employee behavior and performance. By creating a workplace culture that values intrinsic motivators, organizations can cultivate a highly engaged and motivated workforce.