As a human resources professional, you know that one of the most important aspects of keeping your employees happy and motivated is through rewards. But with so many different types of rewards available, it can be difficult to know where to start. In this post, we’ll explore the four main types of rewards and how they can be used to motivate and engage employees.

1. Tangible Rewards: Tangible rewards are physical items that employees receive as a result of their performance.

2. Intangible Rewards: Intangible rewards are non-physical rewards that employees receive as a result of their performance.

3. Performance-Based Rewards: Performance-based rewards are rewards that are tied directly to an employee’s performance.

4. Recognition-Based Rewards: Recognition-based rewards are a type of intangible reward that focuses on acknowledging and celebrating an employee’s achievements.