When winners are losers: Why symbolic rewards may backfire

Far from keeping up the good work, recipients of internal symbolic awards such as employee of the month or merit certificates perform worse after receiving the accolades, according to a recent international study published ...

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Award

An award is something given to a person or a group of people to recognize excellence in a certain field; a certificate of excellence. Awards are often signified by trophies, titles, certificates, commemorative plaques, medals, badges, pins, or ribbons. An award may carry a monetary prize given to the recipient, for example, the Nobel Prize for contributions to society or the Pulitzer Prize for literary achievements. An award may also simply be a public acknowledgment of excellence, without any tangible token or prize.

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