Differentiate tangible rewards from intangible rewards and intrinsic benefits from extrinsic benefits. Provide examples of each.

Expert Solution

Tangible rewards are financial rewards or non-financial rewards that can easily be assigned a financial value e.g. a gym membership. Tangible rewards differ from intangible rewards, such as public recognition or inclusion on a new training course, which cannot be easily assigned a financial value.Tangible rewards are usually given to derive monetary satisfaction and intangible are given to maintain long term relationships with the other person. Good managers provide a mix of tangible and intangible rewards to employees; research suggests that both are necessary for long-term happiness and productivity in the workplace.

An intrinsic benefit is the benefit that is usually non physical benefit. They cannot be touched or seen but can emotionally connect with the employees. They are usually directly related to the job performance as a successful task automatically produces it. Higher the success rate higher will be the intrinsic benefit. Example can be a word of praise, recognition for certain task or work. However, an extrinsic benefit is something that comes from an external sourse only i,e employers only. They are also related to job performance but it is usually not that they are rewarded every time they finish a task. They are usually fixed in nature, Examples are pay, bonus and commission, fringe benefits etc.

ekkarill92 answered 1 year ago

Using Extrinsic and Intrinsic Rewards to Motivate Student Achievement Objectives To identify extrinsic and intrinsic rewards...

Using Extrinsic and Intrinsic Rewards to Motivate Student Achievement Objectives To identify extrinsic and intrinsic rewards that motivate student achievement. To generate suggestions for how instructors can use extrinsic and intrinsic rewards to motivate student achievement. Introduction The purpose of this exercise is to explore the use of rewards in motivating student achievement. There are two types of rewards—extrinsic and intrinsic—that can be used to fuel student motivation. Extrinsic motivation drives people’s behavior when they do things in order to...

What are Blau's concepts of “intrinsic rewards” and “extrinsic rewards?”

Intrinsic vs. Extrinsic Rewards Managers use a number of techniques to motivate employees. One of...

Intrinsic vs. Extrinsic Rewards Managers use a number of techniques to motivate employees. One of these includes using rewards, which can be either extrinsic or intrinsic. This activity is important because managers can use both types of rewards to motivate employees and should understand the types of rewards that are most motivating to each of their employees The goal of this exercise is to challenge your understanding of extrinsic and intrinsic rewards Determine whether the items listed below are...

What is the difference between intrinsic and extrinsic rewards? Do you think employees at different levels...

What is the difference between intrinsic and extrinsic rewards? Do you think employees at different levels are likely to prefer one type over another? Explain why or why not? Are you motivated primarily by intrinsic or extrinsic rewards? Explain your answer. What is public service motivation?

What motivates you? Are you driven by intrinsic or extrinsic motivation? What examples might you provide...

What motivates you? Are you driven by intrinsic or extrinsic motivation? What examples might you provide to illustrate this type of motivation?

What are costs? What are benefits? What tangible cost and benefits? What are in intangible cost...

What are costs? What are benefits? What tangible cost and benefits? What are in intangible cost and benefits? What direct and indirect cost? What is earned value (EV)? Explain how earned value management can be used to control costs and measure project performance.

Please discuss the following questions: What are some examples of extrinsic and intrinsic motivation in your...

Please discuss the following questions: What are some examples of extrinsic and intrinsic motivation in your life or of those you know? Have you ever experienced or witnessed the over justification effect? Do you think you are a good liar or know someone who is? Are you fairly accurate in detecting lies in others? Discuss your experiences with deception.

Assess motivational factors, differentiate between intrinsic and extrinsic motivation. Identify factors that produce job dissatisfaction. Identify...

Assess motivational factors, differentiate between intrinsic and extrinsic motivation. Identify factors that produce job dissatisfaction. Identify factors that motivate you and factors that have led to job dissatisfaction for you.

1.) What are some examples of potential intangible benefits of investment proposals? Why do these intangible...

1.) What are some examples of potential intangible benefits of investment proposals? Why do these intangible benefits complicate the capital budgeting evaluation process? What might happen if intangible benefits are ignored in a capital budgeting decision? 2.) What are some examples of nonfinancial measures used by companies to evaluate performance?

What are the components of discretionary benefits? Provide two examples for each component of discretionary benefits...

What are the components of discretionary benefits? Provide two examples for each component of discretionary benefits and identify an organization that effectively includes those benefits in its benefits portfolio.

Question