Definitions
- Referring to a benefit or advantage that comes with a job or position. - Talking about an extra or special feature that is included in a product or service. - Describing a small gift or token of appreciation given to someone.
- Referring to something given in recognition of good behavior, achievement, or effort. - Talking about a prize or incentive offered for completing a task or reaching a goal. - Describing a positive outcome or consequence resulting from an action or decision.
List of Similarities
- 1Both involve receiving something positive.
- 2Both can be used to motivate or incentivize behavior.
- 3Both can be given as a result of effort or achievement.
- 4Both can be used to show appreciation or recognition.
What is the difference?
- 1Source: Perks are typically provided by an employer or company, while rewards can come from various sources.
- 2Purpose: Perks are often used to attract or retain employees, while rewards are used to recognize or incentivize behavior.
- 3Type: Perks are usually non-monetary benefits, while rewards can be monetary or non-monetary.
- 4Timing: Perks are often ongoing or long-term benefits, while rewards are usually given after a specific action or achievement.
- 5Scope: Perks are often limited to a specific group or organization, while rewards can be more broadly available.
Remember this!
Perk and reward are both positive outcomes or benefits received by someone. However, the difference between them lies in their source, purpose, type, timing, and scope. Perks are typically non-monetary benefits provided by an employer or company to attract or retain employees, while rewards can come from various sources and are used to recognize or incentivize behavior.
