From the Vault - Intrinsic and Extrinsic Motivation
Hello and welcome to Episode 155 of the People Powered Business Podcast.
Today we’re revisiting one of our most popular and listened to episodes where I chat about the 2 types of motivation our employees need.
Many employers focus on what we call extrinsic motivators, in that they try and motivate their staff using a source external from the person. Could be a reward, an incentive, a bonus, a gift, lunch – those kinds of things. These thigs usually cost money, and when they don’t have the effect the employer was hoping for – in that the employee is not more motivated across the board, or more committed to their role, the employer becomes resentful of the motivation process.
The truth is, these extrinsic motivation techniques can work effectively, but only when the employee is already intrinsically motivated in the role, and as a result engaged. Without this foundation piece of intrinsic motivation, the extrinsic tactics are a short term win at best.
In todays’ episode we discuss the difference between intrinsic and extrinsic motivators, and why getting intrinsic right first is imperative to motivating your employees.
If you’d like to ask questions or start a discussion about motivating your people, I have an invitation for you.
An Invitation
Would you like to connect with other like-minded business owners, leaders and managers experiencing similar situations with their team? Join the discussion inside our free Facebook Group – HR Support for Australian Businesses -