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Let’s start with basic definitions (Source: Webster’s): Reward – money […] Usually, it is some pre-decided thing that the receiving person knows well that he will get it on completion of his duty. Award vs. It also functions … Award vs Reward Comparison Table. What, then, is the difference between award and reward? You can't use "reward" here; only prizes and awards are won. He won an award for best actor. Reward (noun) a thing given in recognition of service, effort, or achievement "he's reaping the rewards of his hard work and perseverance" "the holiday was a reward for 40 years' service with the company" "the emotional rewards of being a carer" Reward (noun) a fair return for good or bad behaviour "a slap on the face was his reward for his cheek" As a verb – Award is giving something for recognition of that achievement: A reward is also used as both Noun and Verb. As a noun – Award is a prize for recognition of an achievement. Reward is something received by a person of completion of an assigned target or service duration. Award vs Reward. Definitions and meanings Award. Reward. / Employee Incentive Rewards Vs. Many times people think these are all interchangeable terms. Maybe you’re a small business owner, or a C-level executive. As … “Award” is a noun that refers to “a prize or certificate given to someone for his achievements or milestone” or “compensation as a result of an official or legal proceeding”. Award and reward are two interrelated words that basically refer to the same thing. Is there a difference between receiving a “reward” for doing something good, or receiving an “award” as recognition for an accomplishment? "Reward" is something given in return for something done, either good or evil. Both words refer to a thing given in recognition of service, effort, or achievement. a scholarship for winning a science fair, a plaque for volunteering 100 hours of community service. Reward. Recognition Awards. Recognition for milestones such as service awards or even birthdays is the exception to the rule above, as the employee simply receives them for achieving the goals of not quitting or dying! Award (n): a recognition of a personal achievement, e.g. cash for returning a lost wallet, getting to stay up late for tidying one's bedroom Award. Hi there, AWARD is a prize such as money that is given to somebody because they have done something great. A reward is also unique in being something intangible (like satisfaction): (A mother's reward after so much labor raising her kids is seeing them grow up to be successful adults). (verb: to award) REWARD is not a prize. Main Difference – Award vs Reward. Maybe you’re a department head or a sales manager. Difference Between Award & Reward Award: Reward: Award is used as both noun and verb. Award vs Reward. It’s compensation (financial or other) for the effort somebody has made. Example: He was rewarded with cookies. If you’re reading this article, you’re probably in some sort of a leadership role at your company or organization. Example: The principal gave academic awards to the top students. Recognition that is linked to a reward is called monetary recognition; recognition with no reward is considered non-monetary. In article “award vs reward“, we will further explain the words award and reward in detail and discuss the main points of difference between two terms. (noun: an award) She was awarded a scholarship for winning the science fair. Reward (n): compensation or incentive for doing something, e.g. If you answer "award", then we expect a token of effort and merit (a certificate, a medal, a plaque). Or different yet, receiving a “prize” for performance in a competition or contest of chance. Honor vs Incentive vs Prize vs Reward vs Award The word “Award” is used in similar meanings as “Prize”. Basis of Comparison: Award: Reward: Motive : Appreciation or recognition of positive contribution or effort: Recognition or appreciation for either positive or negative action of the receiver : Decision makers : A committee or jury : Does not necessarily involve a body Score: Submit Reset "Award" means to bestow an honor or object by a considered decision. Awards refer to a token of appreciation or recognition that is given to individuals or organizations for accomplishing something extraordinary.

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