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English definition of “reward”

reward

noun
 
 
/rɪˈwɔːd/
[C or U] WORKPLACE, HR an advantage, for example more money or a better job, that someone receives if they are successful, work hard, etc.: To compete with bigger players, small firms will need to share more of the risk and reward of the new market with partners. Two firms each received £20,000 as a reward for their continued participation in the car-sharing scheme. Achieving targets has become an increasingly significant component of management incentives and rewards.a reward for sth In a performance culture, you need to let employees know there is a reward for high performance.receive/get/collect a reward Salespeople who are willing to work longer hours will receive significant rewards.win/earn a reward The company won a reward for developing the successful patent.provide/offer a reward Providing rewards to an entire group instead of to individuals can be an effective way to encourage positive group dynamics.
[C, usually plural, or U] money that someone earns for doing a job, especially when this is a very large amount: financial/economic/monetary rewards big/huge/generous rewardsreap/receive/earn rewards The link between corporate performance and the big rewards reaped by directors should be more transparent.provide/offer a reward Most securities fraud cases offer too little reward for private attorneys to pursue.
[C or U] STOCK MARKET, FINANCE money that is earned from successful investments: Some of these funds are high risk, but the potential rewards are enormous. Another area which has reaped rewards for investors is the bond fund arena, which tends to be less volatile and lower risk than equity funds.
[C] an amount of money that is given to someone who provides important information about something: A four-figure reward for information was offered by a local businessman. a $10,000/£50,000/€100,000, etc. rewardoffer/put up a reward A series of high-profile ads in the newspapers offered a substantial reward to anyone who could help with the investigation.
(Definition of reward noun from the Cambridge Business English Dictionary © Cambridge University Press)
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