External incentives and internal motivation – a perfect pairing to boost work performance! • ScienceForWork. Key points 1) Work results depend on a person’s internal motivation. 2) The belief that money or bonuses can decrease employees’ internal motivation is only partially founded – financial rewards and recognition can sometimes increase the positive relationship between internal motivation and work performance. 3) While enjoyment may be more beneficial for complex activities, incentives seem to matter more for straightforward, repetitive work.
If you’ve ever managed a team, you’ve probably faced the challenge of keeping your staff enjoying their work. Internal motivation and external incentives – friends or enemies? The first step of the meta-analysis was to check if intrinsic motivation predicted performance. So, do intrinsic motivation and incentives work together to influence productivity? Quality or quantity? There is still one unanswered question – which matters more for performance, intrinsic or extrinsic motivation? Let’s think about a practical example. Takeaways for your practice. Small Business Ideas and Resources for Entrepreneurs. Entrepreneur - Start, run and grow your business. Forbes - Leadership Information and Leadership News - Forbes.com. McKinsey & Company | Global management consulting. How to Grow a Company Culture. Richard. Organizational culture.