Do you think Rewards play a better role as Motivators?

Do you think Rewards play a better role as Motivators?

Rewards play a positive role in stimulating the performance of the employees. Employees get encouraged when they are rewarded for their work which stimulates their work dedication. Rewards also help the employees in getting a recognition which inturn is a motivating factor. Rewards are not only performance-based but are also given on seniority basis or competency & status based.