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