In the recent past, organizations are able to gauge the importance of rewards and recognition at the workplace. Many new initiatives are implemented to facilitate a positive work environment, with an effective R&R program like Vega HR  playing a key role in that strategy.

Differences Between Reward and Recognition


The words ‘reward’ and ‘recognition’ are often used together, and though they have very similar meanings, are essentially different words that serve different purposes. Read on to find out how rewards and recognition differ and their importance in the workplace.

What are the Differences Between Reward and Recognition?

Tangible vs Intangible

Rewards are something you can experience, but they can also be monetary in nature. Recognition, on the other hand, is invisible in nature and has no monetary value. Cash, travel, merchandise, or gift cards are common forms of rewards. Recognition is frequently invisible in nature but has priceless value. You can give verbal praise and acknowledgment without providing a reward. They typically go hand in hand, and play important roles in boosting employee morale.

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