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Xiaolei Zhang & Shu Yang V.S. Tianjiao Bi, Yuting Zhang & Yun Bai

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Presentation on theme: "Xiaolei Zhang & Shu Yang V.S. Tianjiao Bi, Yuting Zhang & Yun Bai"— Presentation transcript:

1 Xiaolei Zhang & Shu Yang V.S. Tianjiao Bi, Yuting Zhang & Yun Bai
Intrinsic Rewards Xiaolei Zhang & Shu Yang V.S. Tianjiao Bi, Yuting Zhang & Yun Bai Cash Insurance Training Compliment Medal Benefit Prize Lunch w/ boss

2 Debate Q Intrinsic Rewards or Extrinsic Rewards
Which one is more EFFECTIVE? Intrinsic Rewards or Extrinsic Rewards

3 What’s Intrinsic Rewards
Intrinsic rewards of work refer to the rewards associated with the interaction between the individual and the task itself. (Snipes et al. 2003).

4 Forms of Intrinsic Rewards
Non-monetary recognition Satisfaction Intrinsic Rewards Positive feedbacks Celebrations Appreciation Cherished suggestions

5 What’s Extrinsic Rewards
Extrinsic rewards of work refer to the rewards that come from the interaction between the individual and the organization. (Mottaz, 1985; Reynolds and Aletraris 2007).

6 Forms of Extrinsic Rewards
Employment security Recognition Extrinsic Rewards Promotion Bonus Increased Salary Overtime Pay

7 Intrinsic vs. Extrinsic Rewards
Extrinsic = Outside Intrinsic = Inside Prize Recognition Feeling of Job Well Done Salary Increase Promotions Pride Sense of Achievement Gifts Status

8 Intrinsic Rewards are More Effective, because…
Sustainable Can be consumed immediately Avoid prejudice & conflicts from comparison Directly relate to specific performance Increase trust and affection A win-win situation

9 Extrinsic Rewards are More Effective, because…
Requires little effort or preparation Easy to measure and control Widely applied Change behavior quickly

10 REBUTTAL Why they are less effective...

11 Intrinsic Rewards are Less Effective, because…

12 Extrinsic Rewards are Less Effective, because…

13 CONCLUSION What’s the most effective way…

14 Maslow's Hierarchy of Needs

15 ? QUESTIONS?

16 ☺ Thank you

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