HR Word: Intangible Rewards
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 […]