Tangible reward refers to the monetary or materialistic rewards that an employee gets from the manager or employer to recognise exceptional work. It is one of the best ways to appreciate an enthusiastic employee. With the help of offering tangible rewards, the employers motivate the employee to achieve expected goals. Tangible rewards hold a good value to the employees but can be both financial and non-financial. It is one of the major sources to enhance loyalty among the employees
Types of Tangible Rewards
- Bonuses
- Pay raise
- Club Membership
- Gift cards
