What are Tangible rewards
Tangible rewards are often used as a motivator for employee behavior. They are rewards that are not money but some other tangible form of incentive. This may include vouchers, merchandise, gift cards, and more. They can be used when certain expectations are met. For example, when you sell a certain number of products, you may be rewarded with a voucher for dinner out with your team.
The reason that organizations often utilize tangible rewards instead of cash bonuses is that many people believe that this is a more effective form of motivation for staff. Employees may see a cash bonus as extra salary and could appreciate a tangible reward more. This can encourage them to work harder, meet targets, and increase their productivity.