Difference Between Award And Reward

Difference Between Award And Reward

The major dissimilarities or difference between award and reward can be highlighted as follows:

1. What Is It ?

Award: It is a recognition

Reward: It is an encouragement

2. Result Of

Award: It is a result of excellence, achievement, contribution etc.

Reward: It is a result of effort, loyalty, faithful service etc.

3. Reflect

Award: It reflects a person's or group's achievement.

Reward: It reflects person's contribution, honesty and loyalty.

4. How It Is Granted?

Award: It is granted publicly

Reward: It is granted privately.

5. Called

Award: Awarded (prize is awarded to him/her)

Reward: Given (reward is given to him/her)

6. Decision Made By

Award: Committee or panel decide award.

Reward: It is decided by individual judgment

7. Formality Required

Award: More formality is required

Reward: Less formality needed

8. Related To

Award: It is related to positive activities or things only

Reward: It is related to both positive or negative things and activities.

9. Grandiose Level

Award: More

Reward: Less

10. Examples

Award: cash prize, certificate, medal, trophy, title etc. are some examples of award

Reward: financial and non financial gifts, promotions, transfers etc. are some examples of reward.

Award Vs Reward (Comparison Chart)

Basis	Award	Reward
It Is	Recognition	Encouragement
Result Of	Excellence and contribution	Effort and loyalty
Reflects	Achievement	Honesty and loyalty
Granted	Publicly	Privately
Called	Awarded	Given
Decision Made	By panel/committee	By Individual judgment
Formality	More	Less
Related To	Positive activities	Positive or negative things/activities
Grandiose Level	More	Less
Examples	Cash prize, medal, title, trophy etc.	promotion, transfer, and other benefits

I hope this post is helpful to understand the difference between award and reward and to make comparison between them.