Teaching Material

1.2. Benefits of extrinsic motivation

Extrinsic motivation comes from external factors such as salaries, bonuses, awards or recognition from others. For example, an employee seeking a promotion for a higher salary is motivated by external factors.
- Short-term incentive. External factors can quickly motivate people to achieve short-term goals.
- Specific incentives. External incentives, such as monetary rewards or prizes, can be very effective in achieving specific, defined goals.
- Encouraging competition. Extrinsic motivation can stimulate competition and thus lead to better performance, especially within teams or organisations.