Over the course of their lives, people change their habits, implement changes and introduce novelties into their lifestyle. The same holds true for organizations. Life without change and innovation would become boring, and in the same way, the work within an organization would become monotonous. All of this affects the business performance of organizations. People, i.e. employees, are among the key drivers of innovation and change. The success of these innovations and changes depends precisely on them. Occasionally, the employees motivation and productivity levels decrease and therefore need to be fostered. The most common way of stimulating the work of employees is by using rewards. For most people, rewards imply remuneration, be it in the form of pay raises, benefits, etc. However, studies show that non-monetary rewards, such as stocks, public recognition, payments in kind, etc. have a greater impact on motivation. The impact provided by rewards can also be achieved through punishment. In addition to addressing the lack of motivation, stimulating innovation and change are necessary for maintaining a competitive advantage and environment. By introducing novelties and changes into organizations, the products and services offered by these organizations become more attractive for consumers. At a time when a large number of similar or identical products are being offered on the market, it is crucial to be the frontrunner and to be different. On the other hand, it is the environment that sets the trends, and it is up to the organizations to adapt their climate and organizational culture to these exact trends.