Employee Motivation

The Intrinsic and Extrinsic Rewards in Malaya Acid Works Sdn Bhd

ID49801 Senior Project (Management)

Submitted in Partial Fulfillment of Requirements for the Degree of Bachelor of Science

Management and Finance

Upper Iowa University

Spring 2012

By

Ronald Chin Seh Kong

300261777

SCSJ-0003857

Grade Project Instructor

Ms. Norlinda Binti Nordin

Date of submission

20 April 2012

Abstract

Rewards are categorized into two, extrinsic rewards and intrinsic rewards. If an individual gets motivated by extrinsic rewards, it is called extrinsic motivation. In contrast, if they are motivated by intrinsic rewards, it is called intrinsic motivation. This study seeks to analyze on which rewards Malaya Acid Works Sdn Bhd employees prefer and what rewards that will keep them motivated. Data are taken from 50 employees through a self-made questionnaire. The results from the data are calculated by using percentage analysis. Based on the results, employees preferred intrinsic rewards and at the same time it is also the rewards that will keep them motivated. Hence, employees are said to be intrinsic motivated.

The Intrinsic and Extrinsic Rewards in Malaya Acid Works Sdn Bhd

The business environment in today’s world fills with competition. Competition started way back into the years when human start to trade. Competition is important because it could keep the price of the products low and organizations will keep on improving because there are other people out there selling the same product.

To survive in the competitive business environment, human asset is considered to be the most important asset in any organization. For an organization to stay competitive and strong in the business environment, employees’ motivation level to work must be high. This is because employee motivation will affect the organization’s performance in some way. If an employee is not motivated, the organization will not function well and will also lead to negative performance rating. To...