Asked by Jenica Fabrigas on Jun 04, 2024
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Effie has been trying to reach the monthly sales bonus for over a year. She has finally realized her dream of receiving an extra paycheck this month. Gale, her boss, presented her bonus in front of the entire office. As a result, her belief in herself skyrocketed. What does this scenario suggest in terms of the relationship between intrinsic motivators and extrinsic rewards?
Intrinsic Motivators
Internal factors, such as personal satisfaction or enjoyment of a task, that drive behavior.
Extrinsic Rewards
Are tangible rewards given to employees for performing certain tasks or achieving specific goals, such as bonuses, pay raises, and promotions, distinct from intrinsic rewards, which come from within the individual, such as satisfaction or enjoyment in the work itself.
- Examine the efficiency of differing compensation systems in motivating employees, covering intrinsic and extrinsic motivations.
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Learning Objectives
- Examine the efficiency of differing compensation systems in motivating employees, covering intrinsic and extrinsic motivations.
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