Most of the corporate use both cash and non cash awards to motivate their employees. The things which are included in non cash awards are trophies and plaques. Most of the employees prefer non cash awards as they can keep it for life long as a memory.

Non cash Recognition awards provide you a bigger bang for your buck and there are countless benefits of it. These awards are kept as long term memories, attract attention and hold timeless values. It is always better to choose an award instead of cash when you are willing to make a long term impact.

For people it is quite difficult to separate the value of cash bonus from the total compensation. Well in case of non cash award the recipient cannot combine the value of award with their income. Thus they consider it separate which make the award more memorable for them.

Award value

For most of the recipients the non cash award or the Custom Awards are more valuable than cash awards. This is because they inflate the value of non cash awards as they can keep it for life long, which makes it precious. This becomes a symbol of experience and effort which they have put thus it becomes more valuable to the recipients.

Luxury Award

Normally people don’t go for luxury items. There are several non cash awards like crystal, vacations and so on which are considered as luxury awards. These are more costly than cash awards and create a long lasting impact on the recipient.

So no cash wards are of higher value than cash awards and draws attention to themselves and their accomplishments. So people always gets more attracted towards non cash awards in comparison to cash awards.