Spot Rewards

Posted in Human Resource Terms, Total Reads: 2346
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Definition: Spot Rewards

Spot Rewards are essentially rewards or appreciation given to an employee for the individual’s outstanding contribution to the organization in terms of his/her accomplishments and excellent performance or for submitting novel ideas.

The rewards needn’t necessarily be cash. Non-cash rewards include restaurant vouchers, a congratulatory note or verbal appreciation by the manager, a training opportunity, team dinners etc.

 

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