What does incentive program mean?
Definitions for incentive program
in·cen·tive pro·gram
This dictionary definitions page includes all the possible meanings, example usage and translations of the word incentive program.
Princeton's WordNet
incentive program, incentive schemenoun
a formal scheme for inducing someone (as employees) to do something
ChatGPT
incentive program
An incentive program is a structured plan designed to motivate and encourage certain behaviors or actions from individuals or groups, such as employees, customers, or members, by offering rewards or recognition. These rewards could be monetary, such as bonuses or discounts, or non-monetary, like recognition or extra time-off, when specific performance targets or goals are achieved. Incentive programs are commonly used in business settings to boost sales, improve productivity, increase customer loyalty, encourage healthy work culture, or promote certain products or services.
Wikidata
Incentive program
An incentive program is a formal scheme used to promote or encourage specific actions or behavior by a specific group of people during a defined period of time. Incentive programs are particularly used in business management to motivate employees, and in sales to attract and retain customers. Scientific literature also refers to this concept as pay for performance.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of incentive program in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of incentive program in Pythagorean Numerology is: 9
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"incentive program." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/incentive+program>.
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