What does incentive scheme mean?
Definitions for incentive scheme
in·cen·tive scheme
This dictionary definitions page includes all the possible meanings, example usage and translations of the word incentive scheme.
Princeton's WordNet
incentive program, incentive schemenoun
a formal scheme for inducing someone (as employees) to do something
ChatGPT
incentive scheme
An incentive scheme is a structured plan or system designed to motivate individuals or groups to act in particular ways or achieve certain goals by offering rewards or penalties. These schemes can provide financial rewards, such as bonuses or pay increases, or non-financial incentives, such as recognition or career development opportunities. They are commonly used in business settings to drive employee performance and productivity but can also be applied in other contexts, like in education, healthcare, or environmental conservation.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of incentive scheme in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of incentive scheme in Pythagorean Numerology is: 1
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"incentive scheme." Definitions.net. STANDS4 LLC, 2024. Web. 30 Apr. 2024. <https://www.definitions.net/definition/incentive+scheme>.
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