Compare and contrast the idea of extrinsic and intrinsic rewards with herzberg’s two-factor theory of motivation? does the idea of intrinsic and extrinsic rewards agree in principle with herzberg, or not? how effectively have you seen intrinsic and extrinsic rewards used in the workplace?

EXTRINSIC AND INTRINSIC REWARDS CAN BE EXPLAINED AS FOLLOWS :-

Explanation:

Herzberg explained the reward factor into two types.

The first factors were those motivating the employees and exerting them to enhance their performance continuously these factors  were called motivators while the factors keeping employees away from dissatisfaction were called hygiene factors.

The idea of extrinsic and intrinsic factors is vary similar to herzberg theory as this theory states external and internal factor as factors affecting performance of employee. In this theory external factors were reasonable pay and other benefits, similar to the hygiene factors and internal factors were achievement recognition etc which are similar to motivators.

So , we can agree that idea of intrinsic and extrinsic factors agree with principle of herzberg.

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Since the establishment of corporate culture we can see the that external factors were there at the workplace but in present time organisations are now taking care of intrinsic factors as well for long run benefits.

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