¶ … worked in the banking industry as an administrative assistant. Extrinsic rewards are those external rewards that motivate behavior (Cherry, 2014). For this job, the extrinsic rewards to take the job and keep the job included a pay package and a range of benefits. There were medical and dental benefits, for example. The pay package also included a bonus, which was based on the operation's total sales volume. I received a percentage of sales as part of my package, which was designed to help me want to contribute to the success of the organization.
Intrinsic motivation is a little bit trickier. Psychologists understand intrinsic motivation as when someone engages in a behavior for the rewards that they believe they will reap. There is no external force that promises these rewards; they are simply what the person believes he or she will get for that behavior (Cherry, 2014). For me, this job offered only a few intrinsic rewards. I like to do a good job because it is simply in my nature to feel quite satisfied when I know that I have done my best. I am sure that there are instances where my performance on this job was higher than it needed to be, simply because I wanted to be better. In theory, one is also working towards a potential promotion, but I definitely felt that it was important for me to just be my best, because I feel better when I perform at a high level. This is especially true when I am solving problems, which on that job seemed to be quite frequently.
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Banking Sample The banking industry, over the last decade has undergone significant change. Industry regulation such as Dodd-Frank, Basel 3, and international capital requirements have now made the industry safer and more transparent. However, due primarily to the crisis of 2008, some banks are more stable than others. In many instance, due to unethical practices of the past, many banks are now suffering as they struggle to attract market share and
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