Understanding Extrinsic and Intrinsic Rewards
5HR03 – Reward for performance and contribution
This CIPD Level 5 learning video explores the distinction between extrinsic and intrinsic rewards within unit 5HR03 – Reward for performance and contribution, directly addressing assessment criteria AC 1.2. The video examines how both reward types contribute to enhancing employee contribution and sustaining organisational performance, covering key concepts including measurement equity, expectancy theory, and the impact of senior management support on motivation and results. You'll analyse how linking specific behaviours and achievement measures directly to rewards influences teamworking and intrinsic orientation across your organisation. By completing this video, you'll develop a comprehensive understanding of reward strategy effectiveness and gain the practical knowledge needed to assess reward systems in your CIPD studies.
Assessment Criteria 1.2
Assess the contribution of extrinsic and intrinsic rewards to improving employee contribution and sustained organisational performance.
Indicative Content
Measurement, equity, expectancy, teamworking, intrinsic orientation, senior management support, impact on motivation and results; linking behaviours and achievement measures directly to rewards.
What You'll Learn
Video covering: Understanding Extrinsic and Intrinsic Rewards
About 5HR03 – Reward for performance and contribution
This unit focuses on how internal and external business factors influence reward strategies and policies, the financial drivers of the organisation and the impact of reward costs and rewarding performance
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