As a verb – Award is giving something for recognition of that achievement: A reward is also used as both Noun and Verb. As … Definitions and meanings Award. "Reward" is something given in return for something done, either good or evil. Maybe you’re a small business owner, or a C-level executive. Awards refer to a token of appreciation or recognition that is given to individuals or organizations for accomplishing something extraordinary. (noun: an award) She was awarded a scholarship for winning the science fair. Main Difference – Award vs Reward. Maybe you’re a department head or a sales manager. 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. Award vs. Both words refer to a thing given in recognition of service, effort, or achievement. (verb: to award) REWARD is not a prize. Usually, it is some pre-decided thing that the receiving person knows well that he will get it on completion of his duty. Recognition Awards. Honor vs Incentive vs Prize vs Reward vs Award Reward is something received by a person of completion of an assigned target or service duration. As a noun – Award is a prize for recognition of an achievement. 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" “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”. The word “Award” is used in similar meanings as “Prize”. 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). / Employee Incentive Rewards Vs. Award vs Reward Comparison Table. It also functions … Award vs Reward. Reward. Is there a difference between receiving a “reward” for doing something good, or receiving an “award” as recognition for an accomplishment? Or different yet, receiving a “prize” for performance in a competition or contest of chance. Award. If you’re reading this article, you’re probably in some sort of a leadership role at your company or organization. Example: He was rewarded with cookies. a scholarship for winning a science fair, a plaque for volunteering 100 hours of community service. You can't use "reward" here; only prizes and awards are won. Award and reward are two interrelated words that basically refer to the same thing. Difference Between Award & Reward Award: Reward: Award is used as both noun and verb. Hi there, AWARD is a prize such as money that is given to somebody because they have done something great. It’s compensation (financial or other) for the effort somebody has made. Award vs Reward. 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! Many times people think these are all interchangeable terms. Let’s start with basic definitions (Source: Webster’s): Reward – money […] If you answer "award", then we expect a token of effort and merit (a certificate, a medal, a plaque). Score: Submit Reset "Award" means to bestow an honor or object by a considered decision. He won an award for best actor. 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