An employee recognition program may include monetary and non-monetary rewards. Monetary rewards have a definitive monetary value, while non-monetary rewards are non-cash perks, benefits and recognition. Common monetary rewards include: Bonuses for contractors and employees Treats, gifts and gift cards Paid events Additional time off Position promotion Fringe benefits such as retirement benefits, health insurance Common non-monetary rewards and types of recognition include; Hand-written notes (such as a sticky note) for employees who go the extra mile Public praise or a social media shout-out for hard work Performance-based awards for top performers Celebrating work anniversaries, milestones and birthdays Showcasing great performance by honoring the best employee of the month on a wall of fame Spending one-on-one time with the CEO and other organizational leaders