Mr. Wong, a supervisor in a manufacturing company realizes that a few of his workers are not motivated enough to increase the quantity and quality of the products in his department though he has introduced various incentives to spur them to improve. Differentiate between 'intrinsic' compensation and 'extrinsic' compensation. Explain how both types of compensation lead to a good compensation package that can Incentivize the employees to be more motivated in their job? Give TWO (2) examples of intrinsic' compensation and TWO (2) examples of 'extrinsic compensation.

Mr. Wong, a supervisor in a manufacturing company realizes that a few of his workers are not motivated enough to increase the quantity and quality of the products in his department though he has introduced various incentives to spur them to improve. Differentiate between 'intrinsic' compensation and 'extrinsic' compensation. Explain how both types of compensation lead to a good compensation package that can Incentivize the employees to be more motivated in their job? Give TWO (2) examples of intrinsic' compensation and TWO (2) examples of 'extrinsic compensation.

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter12: Managing Human Talent

Section: Chapter Questions

Problem 10DQ

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