The Importance of Non-Cash Rewards

Non-monetary recognition can leave a different type of mark when executed correctly.

It is often treated as a “nice-to-have” - or worse, as a fallback when salary budgets tighten.

But real recognition is not a consolation prize.  A well-timed, handwritten “thank you” note has its place, but high-impact recognition should go far beyond that.

There are many examples of recognition that have impact, when done sincerely and consistently:

- Public praise (team meetings, all-hands, newsletters)

- Celebrating milestones (both personal and professional)

- Manager 1:1 shoutouts (private but intentional feedback)

- Visibility (presenting to leadership or joining key meetings)

- Feedback loop inclusion (inviting input on meaningful work)

- Stretch assignments (trusting someone with real responsibility)

- Career development opportunities (mentorship, training, skills exposure)

- Peer-to-peer shoutouts (recognition that travels sideways, not just top-down)

- Symbolic rewards (signed thank-you notes, beautifully crafted trophies, recognition tokens)

- Breakfast with the CEO or leadership (access + acknowledgement in a casual setting)

And a quick note - don’t weaponise recognition.  It shouldn't be invested in only when budgets are tight. Employees can tell the difference between a genuine thank you and a budget patch.

When done well, recognition becomes a systemic habit with a strategy, rather than an afterthought. 

Look at your rewards - are you offering high impact, memorable recognition? 

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PS - Recognition is never a substitute for competitive pay.