What is Intangible rewards?

Whether you're a beginner or an expert, you will find this Glossary useful.

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

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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