Tangible rewards are physical items or objects that are given to employees as a form of recognition or incentive for their performance. These types of rewards can be highly effective at motivating employees, as they provide a concrete and visible reminder of the achievement. Some common examples of tangible rewards include gift cards, certificates, trophies, and other items that can be touched or held.

Recognition can have a positive impact on employee performance by boosting morale and motivation. When employees are recognized for their efforts, they are more likely to feel valued and appreciated, which can lead to increased job satisfaction and a stronger commitment to their work. This, in turn, can lead to improved performance and productivity. Recognition can also help to foster a positive work environment, which can further motivate employees and improve their overall performance.

Discover the essential components of total rewards package including compensation, benefits, work-life balance, recognition, and development opportunities. Total reward statements are designed and customized as per the branding, messaging, and objectives of the company.