Incentive
a positive or negative environmental stimulus that motivates behavior
An incentive is something that encourages or motivates someone to behave in a specific way or take a particular action. It is usually offered as a reward or benefit, such as a bonus, promotion, or gift, to enhance performance or encourage desired behavior.
Incentives can be both tangible and intangible. Tangible incentives are those that can be touched, seen, or experienced, such as money, merchandise, or travel rewards. On the other hand, intangible incentives are more about the emotional or psychological satisfaction of achieving a goal, such as recognition, praise, or a sense of accomplishment.
In the workplace, incentives are often used to drive performance and productivity. A well-designed incentive program can increase motivation, engagement, and job satisfaction, leading to improved business outcomes and higher employee retention rates. However, it is important to note that incentives should be designed carefully, taking into account the specific needs and preferences of the individuals and the organization as a whole.
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