There have been many studies conducted on what motivates people to work toward achieving greatness. It's tempting to say it's always about money, but it isn't. Explain their important differences by saying, 'Extrinsic rewards are financial rewards given to employees like bonuses, benefits, and pay raises. Intrinsic rewards are psychological rewards that workers get from performing meaningful work and doing it well. Intrinsic rewards align company goals and objectives with the sum of employees' quality of life. They are better long-term since it has been proven that they foster and instill the desire for excellence, top performance and genuine engagement that advances work culture and the firm.'