Final answer:
A spot award is presented immediately to employees for exceptional performance, offering instant recognition and motivation within the workplace.
Step-by-step explanation:
A spot award is given immediately upon witnessing outstanding employee performance. This type of reward is designed to recognize and encourage exceptional work as soon as it is observed, providing instant positive reinforcement. Unlike other awards such as an employee-of-the-month award, a retirement award, or a length-of-service award, which are given on a monthly basis, upon retirement, or for long-term service respectively, spot awards enable managers to immediately acknowledge and reward employees, which can boost morale and motivate others to strive for excellence.