Definition of Intrinsic Reward
It is a feeling of achievement, and satisfaction that an employee has while doing a task that was meaningful. It is a sense of internal satisfaction and self-fulfillment that is the result of creating, innovating, completing, or adding value to a certain duty of task.
Intrinsic rewards are one of the great ways by which employees perform well in an organization. Their productivity is usually unmatched while the drive and energy are at their optimum level. Intrinsic rewards are not tangible rewards such as money or bonuses, they are intrinsic in nature and they come from performing a work that is meaningful.