What are Intangible Rewards?

Intangible rewards are those rewards which do not have material value but are aimed to serve as motivators to recognise an employee’s good efforts and make him / her feel encouraged to further deliver peak performance. Intangible rewards can include praises, “thank you” notes, encouragement notes etc., from the senior management, public acknowledgement of an employee’s efforts, a lunch / dinner outside, opportunities for personal development, etc.

Intangible rewards serve as benefactors for both the employees and for the organizations that they serve in the sense that they assist the organizations objectives in the long run by motivating employees to put in extra efforts, and they do not cost much. Intangible rewards also boost employee retention.

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Complygate is the best HR software for SMEs.

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16 Apr 2021

21 Future HR Jobs

There has been a considerably great difference in the way we work, where we work, and most important the use of technologies to keep in touch with each other. This has had a prompt impact around the g

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12 Apr 2021

Agile High Potential Employees (HIPO): The Future of Fashion

One trendy area for HR practitioners concerns the management of so-called ‘high potential employees’ or ‘HiPo’ or ‘HIPO’. Is this the future of fashion for Employee Resourcing?

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08 Apr 2021

Are Employees Working Harder in Lockdown?

Work outside the normal working hours during the lockdown has contributed to serious health issues amongst the remotely-working workforce.

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