HR Glossary

Intangible reward

Intangible reward refers to a class of rewards which have no material or monetary value but can keep the employee feeling recognized and motivated.

What-is-intangible-reward

Intangible reward definition

Intangible reward refers to a class of rewards which have no material or monetary value but can keep the employee feeling recognized and motivated.

Types of intangible rewards

• Praise

• Thanks

• Public acknowledgment/recognition

• Lunches and dinners out

• Encouragement to pursue ideas

• Personal development opportunities

Benefits of intangible rewards

– They can help in the long run by boosting motivation levels of employees

– They do not cost much.

– Even if discontinued they do not lead performance dicreasing.

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