c. include promotions and pay increases
Extrinsic rewards are physical and tangible in nature, that are given to an employee for achieving something. These rewards usually have monetary value like increase in salary, offering bonuses or even giving a public recognition.
On the other hand, intrinsic awards are awards that are internal in nature, and employees achieve them from completing their projects or certain tasks successfully.
Extrinsic rewards motivate the employees and makes them work harder next time so as to achieve better recognition. These also promote the purpose of the award giver, overall resulting into better achievement of the desired purpose.
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