What is motivation? According to Webster’s Dictionary motivation is defined as the state or condition of being motivated, and something that motivates. To ask the question why motivation is important to an organization seems somewhat silly. The benefits of motivated employees can easily be inferred by even the most entry-level positions in organizations. The better question, then, is how does one motivate, and achieve the desired results with this motivation? While motivation has often been the point of interest in experiments and studies, it is a large topic to cover and fully comprehend. For this reason, the breakdown of intrinsic vs. extrinsic motivation is helpful when determining the most efficient ways to motivate employees.
Intrinsic and extrinsic motivators although both part of motivation, are ultimately opposites. Intrinsic motivation is internal and therefore often related to feelings of achievement, growth and accepting new challenges at work. Extrinsic motivation, on the other hand, is related to an exchange of sorts. One is awarded some kind of benefit; usually money, or some other type of compensation, for a certain task completed, or hours spent working. While at first it may seem that extrinsic motivation is the key motivator in attracting, retaining and developing valuable employees, all aspects have to be considered.
A distinction has to be one when comparing small organizations versus large organizations. It would not be realistic to compare an organization of 20 people with an organization of 20,000 people, especially when considering motivation. Most organizations, whether large or small, will have to rely on the appeals of extrinsic motivation when focusing on attracting employees to join them. While intrin...
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...e. Yes, some may be extrinsically motivated throughout, however, the majority of people will need intrinsic motivation in order to truly feel part of an organization.
If one were too look at attraction, retention and development of employees across the categories of extrinsic vs. intrinsic motivation, it would be apparent that extrinsic motivation is said to be dominant only for the attraction piece. The lure of some type of external compensation is always appealing to bring people in, however, it is not enough to make them stay, or commit to reaching for more in an organization. Due to this, successful managers understand that if they are to motivate employees, they have to do so through intrinsic methods. The goals and work of the organization have to be set up in such a way that the extrinsic is always a second thought to the intrinsic benefits of working there.