Financial Incentives
Financial incentives are rewards or benefits given to individuals or organizations to encourage specific behaviors or actions. These incentives can take various forms, such as bonuses, commissions, or profit-sharing, and are often used in workplaces to motivate employees to achieve performance goals.
In addition to employee motivation, financial incentives can also influence consumer behavior. For example, companies may offer discounts or cashback rewards to encourage customers to purchase their products. By aligning financial rewards with desired actions, businesses aim to drive growth and improve overall performance.