Differences Between Award And Reward systems Of Prizing

What is the difference award and reward? You see, there is no doubt at all that many people have had to struggle with the difference between the two nouns/verbs. While some of them use the Internet to figure out the disparity, others have kept it to themselves. Well, regardless of the divide you find yourself, we strongly believe that you reading this piece because you have the same challenge. But then, the good thing is that we are going to help you with the difference between reward and award, thus solving that problem which you hitherto found daunting.

So, after going through this concise piece, you will be able to help other people spot the difference between award and reward. But just before we delve into the disparity between the two words, let’s kick of this piece with their definitions.

Definition of Award

Award is an honor conferred in recognition for someone’s (or organization’s) effort or contributions.

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It could also be a prize, trophy, medal, or plaque. In many companies, for instance, people are given award at gala nights to specially recognize them for their inputs towards the success of the company. Individuals don’t give wards, but institutions and organizations do. So, when an employee of a company or a member of church is given an award, the company or church is recognizing them for their contributions toward the growth of the company or church. Apart from churches or firms, bodies and countries equally confer awards.

For example, in the music or entertainment industry, people receive it for their work of art. In some cases, such awards come with financial benefits.

With respect to countries, the governments confer it on their citizens for the same purpose. Indeed, it is a prestigious thing to be recognized and given an award for your efforts/contributions. In the United States, music makers and singers receive the Grammy Awards. In such scenarios, the beneficiaries receive stunning plaques, which conspicuously display why the receiver deserves it. Although the definition of award may vary from one organization to another, they often have the same objective: Recognizing and honoring people for their excellence.

Definition of Reward

On the other hand, a reward is something given to someone in appreciation of their service or contribution. The thing could be money paid in cash or kind. Reward can be given to people because of the good or evil they have done in the past. So, looking at the definition of reward, you can rephrase it as something or action returned due to what the receiver has done in the past. A company can do this by promoting an employee who has been exceptional at worker. In a similar vein, a company can also reward a lazy worker with demotion or sack. Basically, it comes in two ways. Also, around the world, the security agencies often place a bounty on wanted people, promising to handsomely reward anyone who has useful information that will lead to their arrest. So, they come in different ways.

Award vs Reward Comparison Table

1. S/N Basis for Comparison Award Reward
2. Motive Appreciation or recognition of positive contribution or effort Recognition or appreciation for either positive or negative action of the receiver
3. Decision makers A committee or jury Does not necessarily involve a body
4. Items involved Plaques, money, medals, trophy, grant, etc. Money, promotion, bonus or token
5. Process People often compete for it Most times, there is no competition

Conclusion of Main Difference between Award and Reward

In summary, there is denying the fact that when we dig deep into award vs reward we will notice some similarities. However, we must state here that there are many disparities between them. More importantly, the critical difference between them lies in the intent/motive: Why is it be given? No doubt, that is the major factor that separates the two words. Keep in mind that both of them can represented with money. For instance, there are cases where people are given prizes for coming out the winner in essay writing contests.

Basically, when you look at the basis for comparison in the table, you will understand that essay writing competition perfectly satisfies the four conditions. This means that the winner gets recognized. But just before then, a committee or jury meets to determine who the winner is. Yes, there is a competition and a writer emerged the winner at the end of it. While award is an honor, the same cannot be said of the other. Most times, a medal, trophy or plaque plus prize money is given to the receiver of an award, but in the case of reward, nobody gets a plaque, medal or trophy. Another key difference is that individuals can give rewards but individuals don’t confer awards.