How is extrinsic reward defined in the context of job analysis?

Extrinsic reward, in the context of job analysis, refers to rewards that carry monetary value. These are tangible benefits provided to employees as compensation for their work, including salaries, bonuses, and other financial incentives. The key aspect of extrinsic rewards is that they are external to the individual and are given based on the employee’s performance or contribution to the organization. This financial compensation plays a crucial role in motivating employees, as it is directly linked to their efforts and achievements in the workplace.

While employee feedback and non-monetary appreciation from peers can influence job satisfaction, they do not fall under the definition of extrinsic rewards, as they do not involve a direct monetary component. Similarly, benefits related to job flexibility, although valuable, are more aligned with intrinsic motivators or workplace quality and culture rather than being classified purely as extrinsic rewards. Thus, the identification of extrinsic rewards focuses specifically on those that have a clear monetary value tied to employee performance.