Employee rewards are benefits, both tangible and intangible, given to employees in recognition of their efforts and achievements. These rewards can include monetary compensation, non-monetary perks like additional vacation days, or intrinsic rewards such as personal growth and job satisfaction.
Employee rewards serve as a critical tool for enhancing workplace culture and driving employee engagement. As indicated by the data below, rewards and recognition can significantly enhance employee morale and performance.
Source: BHN EQ 2025 Employee Appreciation 4.0, US and Canada employees, n=2,035, 18+