What is the difference between an award and a reward? Most people would say that an award is something given to someone in recognition of their achievements, while a reward is something given to someone as an incentive to do better. However, there is more to it than that. In this blog post, we will explore the difference between awards and rewards, and discuss when it is appropriate to use each one.
What is Award?
An award is a prize that is given to someone as recognition for an achievement. Awards can be given for a variety of reasons, such as for academic achievement, sportsmanship, or for acts of bravery. They are often given in the form of a trophy, certificate, or medal. Award ceremonies are often held to give out awards, and these can be large events with many people in attendance. The act of giving someone an award is a way to show appreciation for their accomplishment.
What is Reward?
A reward can be defined as an extrinsic or intrinsic benefit that is given in recognition of one’s actions, contributions, or achievements. This can take many different forms, ranging from monetary compensation to praise and recognition. Regardless of the type of reward that is received, it serves to motivate and encourage individuals to continue engaging in the activities or behaviors that earned them the reward in the first place. Thanks to advancements in modern psychology and behavioral science, we have a much better understanding of how rewards work and which types are most effective for various purposes. Whether you are a manager attempting to motivate your team or a parent trying to encourage your child to do well in school, finding the right reward for each situation will go a long way toward helping you achieve your goals. At the end of the day, there is no one-size-fits-all approach when it comes to rewarding people for their efforts; instead, it is important to identify what motivates individuals and tailor your rewards accordingly.
Difference between Award and Reward
One of the most common questions we get asked is what the difference is between an award and a reward. While they may seem similar, there are actually some key distinctions that are important to keep in mind. An award is typically given in recognition of an individual’s achievement or excellence, while a reward is given as an incentive to motivate someone to achieve the desired goal. Awards are usually given by an external authority, such as a company, organization, or foundation, while rewards are often given by an individual or a team. Awards are also often given publicly, while rewards are often given privately. Finally, awards tend to be one-time events, while rewards can be given on an ongoing basis. Keep these distinctions in mind next time you’re trying to decide whether an award or a reward is appropriate for your situation.
Conclusion
The main difference between an award and a reward is that an award is given to someone who has achieved something, while a reward is given to someone as an incentive to do something. An award can be seen as a form of recognition or appreciation, while a reward may be financial or material in nature. When it comes to motivating employees, it’s important to understand the difference between awards and rewards so you can give the right type of motivation for the desired outcome.
