Employee rewards and recognition are often spoken about in the same way; however they are two different ways of acknowledging employees for their contribution to the business. They are both designed to let the employee know that their values, actions and behaviours have been noticed and appreciated.
As an overview, rewards are generally seen as a tangible employee acknowledgement and will usually take the form of a gift or bonus. Recognition initiatives are an intangible way to recognise an employee’s accomplishment and is usually a verbal or written appreciation shown via email, in meetings, or through internal social media platforms.
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