What term refers to the rewards that come from salary, benefits, or status received by an employee for being employed?

The correct term that refers to the rewards obtained from salary, benefits, or status received by an employee is extrinsic rewards. These rewards are tangible and externally provided, meaning they come from outside of the employee's own feelings and experiences. For example, a higher salary, bonuses, health insurance, or a prestigious title fall under extrinsic rewards because they are given as part of the employment agreement and serve as a form of motivation for employees to perform well.

In contrast, intrinsic rewards relate to personal satisfaction or fulfillment that comes from the job itself, such as enjoying the work, feeling challenged, or gaining a sense of accomplishment. Personal fulfillment directly focuses on the inner satisfaction associated with achieving personal goals and does not encompass external measures. Professional recognition can also be viewed as external, but it is more about acknowledgment by peers or the industry rather than direct financial compensation or benefits.

Understanding the distinction between these types of rewards is crucial in management, as they motivate employees in different ways and can significantly impact employee satisfaction and retention.