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 salary increases.