27 Rewards p76

Intrinsic rewards
The intrinsic rewards offered by work are those which are 'within' or integral to the work itself, such as interest, responsibility, challenge or a sense of achievement. Such rewards are also, in a sense, 'within' the individual and dependent on his or her perceptions and needs: satisfying work relationships, security, pride in identifying with the organization and so on may act as rewards.

Extrinsic rewards
The extrinsic rewards offered by work are those which are 'outside' or incidental to the work itself, but offered by the organisation in exchange for work. Such rewards are also, in a sense, outside the control of the individual, being at the disposal of others and external to the perceptions of the individual.They foster an 'instrumental' orientation to work, that is, they encourage people to work in order to obtain rewards, rather than for the satisfaction of the work itself.

Types of extrinsic rewards
1. Basic pay
2. Monetary incentive
3. Non-monetary incentives
4. Profit-sharing and share ownership schemes
5. Holiday entitlement over and above the statutory amount
6. company car schemes,or subsidised transport, of various types
7. Benefits over and above legal requirement
8. Entitlement to welfare provisions
9. Access to facilities