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<p>[QUOTE=&quot;imrich, post: 25466952, member: 22331&quot;]Here&#039;s an analytical piece written by a company specializing in employee recognition/motivation:</p><p>Those days are long gone when employees worked just to earn a paycheck every month and put up with any work environment, no matter how positive or negative it was. Today, employees look for a rewarding experience and want to be valued for their talent, productivity, and ethics. This is why, as an employer, you need to understand what a reward is, how it is different from an award, and how you can create a successful award or reward program.</p><p><br /></p><p>Put simply, a reward is a reinforcement and stimulus that helps all living beings to alter their behavior and actions. According to psychological experts, rewards are given out to instill a positive behavior or value. The brain enjoys and looks forward to rewards and changes appropriately to increase its odds of getting rewarded.</p><p><br /></p><p>Rewards work exceptionally well in the workplace too. An employee rewards program is now an integral part of compensation and benefits to help employees do better and stay motivated.</p><p><br /></p><p>So, what are all the differences when it comes to <b>reward vs award</b>? As an employer, do you need to include both these factors in your benefits plan?</p><p><br /></p><p>Keep reading to know more.</p><p><br /></p><p><a href="http://nj7.87e.myftpupload.com/contact-us/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://nj7.87e.myftpupload.com/contact-us/" rel="nofollow">Learn how PossibleWorks can help you</a></p><p><br /></p><p><font size="5"><b><b>Reward vs award – What is the difference? </b></b></font></p><p>In many places, the words award and reward are used interchangeably. However, there is no doubt that these are different from one another.</p><p><br /></p><p>An award is bestowed as an honor for merit, extraordinary achievement, or winning something. For example, the Oscar is an award, and so is the Olympic Medal. Awards are usually given in the form of medals, trophies, certificates, and prizes.</p><p><br /></p><p>A reward is, however, more of an acknowledgment or an appreciation. For example, you could be rewarded for participating in an event or making a reasonable effort.</p><p><br /></p><p>People can be rewarded for their honesty, hard work, determination, or even empathy. Employee reward ideas can be monetary or non-monetary in nature, depending on who gives them out.</p><p><br /></p><p>When it comes to the <b>difference between award and reward</b>, here are other subtle variations you should know about.</p><p><br /></p><p><b>Award</b></p><p><br /></p><p><b>Reward</b></p><p><br /></p><p>Usually given out in public, in front of an audience&nbsp; May or may not be publicly given out</p><p>It is a mark of excellence&nbsp; It is a mark of appreciation/gratitude or motivation</p><p>Awards are given out at specific pre-defined instances&nbsp; Rewards can be given out at any time</p><p>Awards are given to appreciate a past behavior&nbsp; Rewards can be given to encourage future behavior</p><p>&nbsp;</p><p>Because I&#039;m a Senior Engineering Specialist known for my highest receipt of technical excellence throughout the World, the gratuity generally is received as I&#039;ve gotten, with a monument from&nbsp; the Senior Organization individual,(i.e., a customer, me), a hand-shake and verbalized &quot;Thanks&quot;.</p><p><br /></p><p>You may deliver your &quot;tip&quot; in whatever fashion you like, but I don&#039;t believe you&#039;re in a position to judge how efforts appreciation is to be shown/described.</p><p><br /></p><p>Thanks for your thoughts/enlightenment!</p><p><br /></p><p>I&#039;ve yet to see an unhappy receiver of cash delivered silently in a hand-shake.</p><p><br /></p><p>JMHO[/QUOTE]</p><p><br /></p>

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