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HR Word: Intangible Rewards

01 Oct

Intangible Rewards definition

Intangible rewards, also known as intangible benefits, are rewards provided to an employee that don’t have an inherent monetary value, and are often applied in response to a particular achievement.

  • Praise
  • Thanks
  • Public acknowledgment/recognition
  • Lunches and dinners out

Intangible rewards compare with tangible rewards, which are rewards that have financial value to the employee, such as bonuses or salary increases.

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Posted by on October 1, 2016 in HR Word of The Day

 

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