"Studies show that 83.6% of employees agree that recognition impacts their motivation to work, indicating the significant role of extrinsic rewards in driving performance."
"Organizations with high employee recognition see 21% higher profitability, suggesting that effective use of extrinsic rewards can yield meaningful long-term benefits to businesses."
Extrinsic motivation is driven by external rewards, such as praise and recognition, and serves to enhance performance, goal-setting, and personal development. It is particularly effective in encouraging positive behaviors, with a Gallup survey revealing that companies with strong recognition systems experience 21% higher profitability. However, over-reliance on extrinsic rewards can diminish intrinsic motivation, stressing the need for a balance between external incentives and personal passion to achieve lasting motivation. By understanding these dynamics, leaders can effectively leverage recognition to foster an engaged workforce.
#extrinsic-motivation #employee-recognition #performance-incentives #workplace-motivation #goal-setting
Read at ClickUp
Unable to calculate read time
Collection
[
|
...
]