Motivation Paper Sec/390 - Essay Example

There have been a significant number of literatures covering the nature, theories and applications of motivation and its effect to job performance and satisfaction. It is in this regard that this paper aims to present the characteristics of intrinsic versus extrinsic rewards provided by Exxon Mobil Security, the organization I belong to. In relation to this, it is also the objective is this essay to identify the satisfaction or motivational impact of these rewards to me and the security personnel, as a whole.

Finally, an analysis of the present reward system would be made to suggest ways and means of improving this system to boost motivation and increase job performance and satisfaction. At Exxon Mobil, the rewards are usually extrinsic in nature. Martires and Fule (2000) define extrinsic rewards as “outcomes which are apart from the work itself such as pay and benefits; and are largely under the control of the manager”. In this regard, Exxon gives incentives in the form of attendance bonus for a period of three consecutive months and ensuring all personnel are accident free for three years.

I personally was able to achieve an attendance bonus of $500 of which I felt great and motivated me to keep on trying to reach this goal. For both the attendance and accident-free incentives, a target has Intrinsic rewards are those rewards that come from the performance of the work itself. At Exxon Mobil, I like receiving praise for a job well done, having good interpersonal relationships with colleagues, and being acknowledged by my superiors for an improved job performance. Management gives intrinsic rewards in the form of advancement and promotions.

Giving more responsibility, accountability, and recognition are motivational factors which acknowledge that I have performed my job well. Extrinsic rewards such as pay increases and bonuses satisfy an individual’s physiological and basic