Impact Of Intrinsic & Extrinsic Rewards On The Performance Of Employees Of Private Sector Banks In Delhi NCR: A Pragmatic Study

Abstract

The performance of employees in private sector banks in Delhi NCR is influenced by both intrinsic and extrinsic rewards. Intrinsic rewards refer to the internal, non-monetary factors that motivate employees, such as job satisfaction, a sense of accomplishment, and personal growth. These rewards encourage employees to perform well, complete tasks effectively, and experience positive emotions in the workplace. The analysis is being done to assess the impact of extrinsic and intrinsic rewards on the outcomes of a worker. According to the findings of the study, there exists a considerable association among both the of rewards & outcomes of the worker. The intrinsic incentive, which is non-monetary in nature, pushes the employee to work well in order to finish that task effectively in the organisation and continue to feel happy emotions. Financial extrinsic incentives can lead to good behavioural changes and assist increase workplace efficiency. Employee performance is undoubtedly very important to the organisation. Employees are critical to an organization's profitability, efficiency, and eventually, success, since these outcomes will not occur without exceptional employee performance.