Employee Incentive Programs are offered by many different employers as a perk or extra onto of wages or salary. Some examples include, bonuses, vouchers for attaining targets, clocks to show long service or buying or selling of holiday.
incentive
"Different checking accounts have various incentive programs. Some banks offer cash back programs for opening up an account, some offer free gifts, and some offer interest earned for keeping a high balance."
There are some good employee programs out there, check out these website to help www.hp.com/employeeprograms/ www.doi.gov/hrm/employ4.html www.dhrm.state.va.us/programs.html
The incentive portion of an employee's compensation plan should be: 1) Based on something measurable and under the employee's control. 2) Aimed at accomplishing management's goal(s). 3) A significant financial reward in relation to the effort required to obtain it. 4) Realistically obtainable. 5) Graduated so the employee receives some portion of the incentive if they get close to the goal (perhaps they receive 25% of the incentive if they hit 80% of the goal; 50% of the incentive at 90%, etc.) 6) Paid in a timely manner. 7) Evaluate in advance the incentive paid at the highest and lowest level of performance and determine if that produces the desired level of total compensation. 8) The incentive should be designed and presented in such a way that it is motivational to the employee.
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One example of a good sale force incentive is to reward employees who sell more than the average amount of a good. Another incentive is to have an employee of the month program.
No at-fault vehicular accidents in last 6 months. Then start all over again. People forget about yearly incentive programs. Keep them fresh and in the minds of your workers. Besides, what do you do with a driver that is on a yearly incentive program and has an at-fault accident the second day of the contest? Get him back in the game in 6 months!
It all depends on what you're looking to provide incentive for. Household incentives could include providing an allowance or other privilege that is only acquired after a goal is accomplished.
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Some antonyms for the noun incentive are hindrance or discouragement. Some antonyms for the adjective incentive are discouraging, unappealing, or uninteresting.
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Since the incentive theory is the people are motivated to do things because of external rewards. For example I work the dreadful job of a referee the only reason I am working for is the money they pay me. The money would be the external reward.