incentivization
Making rewards work
Incentivization is the act of creating incentives—rewards or motivations designed to encourage particular behaviors or outcomes.
The term appears frequently in business, policy, and economics: The incentivization of renewable energy through tax credits.
It's a formal, somewhat bureaucratic word; simpler alternatives like "motivating" or "rewarding" often work better.
Operate a vehicle
- spurIncentive or heel device
- catalystAgent enabling change
- impetusForce initiating action
- inducementMotivating factor or offer
encouragement · prompt · nudge · trigger · spark · goad · prod · stimulus
What prompts a reaction
- fiscal policyState spending and taxation
- monetary policyCentral bank economic controls
- trade policyRules governing international exchange
- carbon creditTradeable pollution allowance unit
tariff · quota · enterprise zone · free trade zone · economic development · industrial policy · supply-side · demand-side
Mechanism reinforcing desired behaviors
- bonus structureFramework for extra pay
- commissionPayment for services rendered
- profit-sharingDistributing earnings among workers
- stock optionsContracts to purchase shares
performance pay · merit pay · kickback · rebate · discount · subsidy · tax credit · grant
Payment to keep employees
- performance reviewWorkplace assessment of employee
- goal-settingEstablishing intended outcomes
- KPIMeasurable performance target
- quotaFixed assigned amount
target · employee of the month · promotion · raise · benefits package · flexible hours · remote work · professional development
drive
Operate a vehicle
inducement · encouragement · prompt · nudge · trigger · spark · goad · prod · stimulus · carrot
stimulus
What prompts a reaction
- fiscal policyState spending and taxation
- monetary policyCentral bank economic controls
- trade policyRules governing international exchange
carbon credit · tariff · quota · enterprise zone · free trade zone · economic development · industrial policy · supply-side · demand-side
reward system
Mechanism reinforcing desired behaviors
- bonus structureFramework for extra pay
- commissionPayment for services rendered
- profit-sharingDistributing earnings among workers
stock options · performance pay · merit pay · kickback · rebate · discount · subsidy · tax credit · grant · voucher
retention bonus
Payment to keep employees
- performance reviewWorkplace assessment of employee
- goal-settingEstablishing intended outcomes
- KPIMeasurable performance target
quota · target · employee of the month · promotion · raise · benefits package · flexible hours · remote work · professional development · tuition reimbursement
incentivizationpunishment
Penalty for an offense
penalization · deterrence · negative reinforcement · taxation · sanctions
incentivizationcoercion
Pressured compliance through threats
compulsion · mandating · force · forcing · conscription
incentivizationlaissez-faire
Noninterference in commerce
non-intervention · deregulation · neglect · inaction · letting be
incentive, incite, incitement, incentives, incentivize, disincentivize, incentivized, incentivizing, incentivizes