Performance incentives are rewards given to employees or teams based on their work performance. These incentives can take various forms, such as bonuses, promotions, or recognition programs. The goal is to motivate individuals to achieve specific targets or improve their productivity, ultimately benefiting the organization. Companies often use performance incentives to align employee goals with business objectives. By offering these rewards, organizations encourage a culture of excellence and accountability. This approach can lead to increased job satisfaction and retention, as employees feel valued for their contributions to the company's success.