Alex, a dedicated sales representative at a highly competitive technology company, recently achieved his quarterly sales targets, surpassing expectations and contributing significantly to the company's revenue growth. Despite facing numerous challenges, including a saturated market and intense competition, Alex's strategic approach and exceptional sales acumen enabled him to secure key deals and exceed his targets. As a token of appreciation for his outstanding performance, Alex received a cash bonus from the company's management during a special recognition ceremony attended by senior executives and colleagues. This bonus not only acknowledges Alex's individual achievements but also reinforces the company's commitment to rewarding and recognising exceptional performance. Which aspect of performance$-$related pay $($PFP$)$ is most exemplified by the scenario described?

Select one:

Recognition and appreciation

Extrinsic reward

Intrinsic motivation

Professional growth and development