Organisational rewards include all types of rewards, both intrinsic and extrinsic, which are received as a result of employment by the organization.
Intrinsic rewards are internal to the individual and are normally derived from involvement in the job. Examples are job satisfaction and feelings of accomplishment.
Extrinsic rewards are mainly controlled and distributed by the organization. They are more tangible than intrinsic rewards, example: salary/pay, health/medical benefits.
Intrinsic and extrinsic rewards are closely related e.g. the provision of extrinsic rewards often provides the recipient with intrinsic rewards.
Intrinsic Rewards
Achievements
Feelings of accomplishment
Internal recognition
Job satisfaction
Personal growth
Status
Extrinsic Rewards
Formal recognition
Fringe benefits
Incentive payments
Promotion
Social relationships
Work environment
