Which type of motivation is driven by external rewards such as money?

Extrinsic motivations are defined as those that arise from external rewards and incentives, such as money, recognition, or praise. In the context of workplace behavior, individuals may be driven to perform specific tasks or reach certain goals primarily for the tangible rewards they can receive, rather than for personal satisfaction or interest in the activity itself.

For example, an employee might work overtime not because they find the job fulfilling, but rather to earn a bonus or a raise. This highlights how extrinsic motivations focus on the outcomes and benefits that are provided from the external environment, which can significantly influence behavior and productivity in various settings, including loss prevention.

Intrinsic motivations, on the other hand, stem from within the individual, propelled by factors like personal satisfaction, passion for the task, or a desire for self-improvement. Primary motivations generally refer to basic needs or biological drives, like hunger or thirst, while social motivations involve the desire for relationships and social connections. These categories do not focus specifically on the external reward aspect that characterizes extrinsic motivations.