NEWS AND EVENTS

Motivating team members through intrinsic and extrinsic rewards

Motivating team members through intrinsic and extrinsic rewards
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Some people are motivated just by a talk with them, while others need a reward or a bonus to get something done in the best way. Knowing what motivates each member of your team will result in better performance of each of them individually and as a whole. Therefore leaders should be acquainted with the different kind of motivation stimuli and with the personal preferences of their employees. Intrinsic motivation comes from the inside of an individual. The person simply has the desire to fulfil a task. Extrinsic motivation means that the source of motivation is external to the person. In general, it is believed that deep-rooted desires have the highest motivational power. Intrinsic motivation is stimulated by acceptance, curiosity, honour, contact. Simply saying “Well done!” and “Thank you!” sometimes does miracles in terms of performance. However, a reward, a bonus, non-financial benefits may have the same result. People always feel content whenever they fulfil a task successfully. However, managers need to ensure that all employees are satisfied with their work and are motivated to achieve the organisation’s goals. In addition, employers should approach their workers individually and make team members feel appreciated. Finally, it is essential to guarantee that employees are treated equally.




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