incentive programs
Structured reward systems
Incentive programs are structured systems that offer rewards to encourage specific behaviors or outcomes.
Businesses use them to motivate employees, boost sales, or retain customers: The company's incentive program gives bonuses for meeting quarterly targets.
Government incentive programs offer tax breaks or subsidies to promote desired activities like home buying or renewable energy adoption.
- bonusesAdded compensation beyond wages
- sign-on bonusPayment for accepting employment
- profit-sharingDistributing earnings among workers
- stock optionsContracts to purchase shares
- skin in the gamePersonal risk in outcome
employee recognition · positive reinforcement · carrot and stick · gamification · reward systems · loyalty points · operant conditioning · golden handcuffs · merit-based pay · pay for performance · matching funds · housing subsidies · carbon credits · referrals · milestone celebrations · targets · quotas · kickbacks
- HR programsemployee assistance, employee recognition, onboarding, performance reviews, benefits
- film industryfilm studios, film production, film distribution, Hollywood, Bollywood
- staffingstaffing, turnover rates, hiring, staffing firm, staffing agency
- suggestion systemssuggestion box, idea generation
- work efficiencytime study, standard time, work study, labor standards, work standards
incentive programspunitive measures
Actions imposing penalties
sanctions · fines · negative reinforcement · penalties · punishments
incentive programsnon-intervention
Policy of staying uninvolved
natural consequences · intrinsic motivation · benign neglect
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