Extrinsic reward and Intrinsic reward
Extrinsic rewards are the tangible rewards given employees by managers, such as pay raises, bonuses, and benefits. They are called extrinsic because they are external to the work itself and other people control their size and whether or not they are granted. In contrast, intrinsic rewards are psychological rewards that employees get from doing meaningful work and performing it well. Extrinsic motivation is when we are motivated to perform a behavior or engage in an activity in order to earn a reward or avoid a punishment. This is what I focus of when I’m at my job. The motivation in performing and succeeding in what I do to earn a good reward from my boss. This type of reward plays a big role at my job when I generally work more routines and complying with all the rules and procedures. This work offered me few intrinsic rewards, so that extrinsic rewards were often the only motivational tools available to my job. The amount of pay is an important consideration for me in accepting my job, because if I was paid unfairly, I would not accept to work at floral arrangement company. Extrinsic is the total opposite from intrinsic. But intrinsic and extrinsic goes hand in hand. One of them will always benefit or connect to each other. Intrinsic is when engaging in a behavior because it is personally rewarding; essentially, performing an activity for its own sake rather than the desire for some external reward. Like extrinsic motivation, intrinsic motivation is motivation that comes from within to want to do a good job at something because it's something that you, yourself want for yourself. It comes from a feeling of accomplishment and pride from within. Extrinsic is through primary. It’s the idea of doing something because there is something in it for you outside of just a feeling of accomplishment. For example, your parents giving you money for good grades is extrinsic. Just getting good grades or pooping on the potty for your own feeling of achievement is intrinsic.