As a verb – Award is giving something for recognition of that achievement: A reward is also used as both Noun and Verb. Reward. If you’re reading this article, you’re probably in some sort of a leadership role at your company or organization. As a noun – Award is a prize for recognition of an achievement. Award vs Reward. Reward is something received by a person of completion of an assigned target or service duration. Example: The principal gave academic awards to the top students. Award. Main Difference – Award vs Reward. Award and reward are two interrelated words that basically refer to the same thing. Reward. Difference Between Award & Reward Award: Reward: Award is used as both noun and verb. What, then, is the difference between award and reward? Maybe you’re a small business owner, or a C-level executive. Basis of Comparison: Award: Reward: Motive : Appreciation or recognition of positive contribution or effort: Recognition or appreciation for either positive or negative action of the receiver : Decision makers : A committee or jury : Does not necessarily involve a body Award (n): a recognition of a personal achievement, e.g. Example: He was rewarded with cookies. Score: Submit Reset "Award" means to bestow an honor or object by a considered decision. The word “Award” is used in similar meanings as “Prize”. You can't use "reward" here; only prizes and awards are won. Award vs. Definitions and meanings Award. As … Recognition Awards. / Employee Incentive Rewards Vs. Usually, it is some pre-decided thing that the receiving person knows well that he will get it on completion of his duty. It’s compensation (financial or other) for the effort somebody has made. "Reward" is something given in return for something done, either good or evil. Hi there, AWARD is a prize such as money that is given to somebody because they have done something great. “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”. Let’s start with basic definitions (Source: Webster’s): Reward – money […] Recognition that is linked to a reward is called monetary recognition; recognition with no reward is considered non-monetary. It also functions … Many times people think these are all interchangeable terms. 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 vs Reward. (noun: an award) She was awarded a scholarship for winning the science fair. If you answer "award", then we expect a token of effort and merit (a certificate, a medal, a plaque). In article “award vs reward“, we will further explain the words award and reward in detail and discuss the main points of difference between two terms. Maybe you’re a department head or a sales manager. Reward (n): compensation or incentive for doing something, e.g. Awards refer to a token of appreciation or recognition that is given to individuals or organizations for accomplishing something extraordinary. (verb: to award) REWARD is not a prize. cash for returning a lost wallet, getting to stay up late for tidying one's bedroom Both words refer to a thing given in recognition of service, effort, or achievement. He won an award for best actor. Is there a difference between receiving a “reward” for doing something good, or receiving an “award” as recognition for an accomplishment? 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! a scholarship for winning a science fair, a plaque for volunteering 100 hours of community service. Honor vs Incentive vs Prize vs Reward vs Award Award vs Reward Comparison Table. Or different yet, receiving a “prize” for performance in a competition or contest of chance. 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). Sales manager used in similar meanings as “ prize ” you ca n't use `` reward '' is given. A C-level executive, then, is the difference Between Award & reward Award::...: a reward is not a prize award vs reward recognition of an assigned target or service duration in. 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