AWARDS & REWARDS
Succeeding in a contest or game. A reward is given when a person goes through adversities, integrity, and faithfulness, Helping someone in need
You need to understand the correct definition of both these terms to be able to design the right Business Partners rewards program. Grasping on the award and reward difference will help you offer the right one at the right time.
There are three broad categories of rewards – cash, gifts, and experiences. Invest equally in each one of these.
All in all, an award is given to recognize a job well done, whereas a reward is given to encourage a specific behavior or action. An award is given to recognize and honor a person’s achievement, while a reward is given to someone who completes a task successfully. Rewarding people can create more positivity in their lives and improve their attitude towards the job.
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30th Mar, 2024
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BUSINESS ATTITUDE & ACTION
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