Incentive For Employees
Done well, incentives can motivate employees to help bring out their best. Incentives can take the form of compensation, recognition, rewards, or appreciation. Incentives that combine more than one form and tap both intrinsic and extrinsic values will resonate with a larger segment of your work population.
Why Incentive Plans Fail
Incentive plans can stumble for a number of reasons. If they are not meaningful for your employees or inline with your company’s culture, if they are inconsistently applied, or if they are poorly communicated, your incentives will fail to bring about the desired outcome of motivating your workforce.
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