Incentive programs are structured plans designed to motivate individuals or groups to achieve specific goals or behaviors. These programs often offer rewards, such as bonuses, discounts, or recognition, to encourage participation and enhance performance. They can be used in various settings, including workplaces, schools, and community organizations.
Common types of incentive programs include employee recognition programs, customer loyalty programs, and sales incentive plans. By aligning rewards with desired outcomes, these programs aim to boost engagement, productivity, and satisfaction among participants, ultimately benefiting the organization or community as a whole.