Intrinsic Benefits are voluntary (not compulsory) benefits that the organisation has implemented as an initiative or incentive to retain staff.  Intrinsic Benefits are non-monetary benefits as opposed to extrinisic benefits (monetary such as bonuses, financial rewards)

 

The aim of intrinsic rewards is derived from motivational theories related to the employee feeling a sense of personal satisfaction associated to work performance

 

  • Job Enlargement or Enrichment

  • Professional Development

  • Mentoring / Coaching Opportunities

  • Positive Feedback opportunities

 

HR Practioners may add intrinsic reward a part of the longer term Human Resources Strategy and incorporate its implementation into HR practices the organisation adopts to promote a better workplace culture.

 

Note, the value of instrinsic benefits is difficult to measure however organisations may refer to Staff Retention Rates and Employee feedback to gauge value.