Question

10. What is the difference between 'a reward' and 'an incentive'? Do you
think incentive schemes are better than cash rewards? Why/ Why not?
(Motivation)
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Answer 1

Answer:

Put in simple terms, a reward is something which is actually given to an employee, whereas an incentive is a motivating factor. ... For example, if you give one of your employees a gift for their hard work, that is a reward.

1) Non-cash is more effective at achieving goals

Top performing companies had strong incentive schemes in place, predominantly with non-cash rewards. Non-monetary rewards have been proven to be much more effective than cash at achieving these goals.

Explanation:

hope this helps u