Tag: best incentive plans

Research Paper on Incentive Plans

incentive plans

Incentive Plans Incentives are awards offered to employees when they successfully achieve pre-defined targets. Incentive plans comprise of a list of incentives that are planned to be given to those employees or group who will demonstrate exceptional behavior during a specified time period. To remain successful in the market, an organization needs to motivate and retain its employees to be productive and for this, companies adopt various competitive incentive plans that are designed for recruitment, motivation, and retention of employees. Additionally, incentive plans drive the employees to exceed expectations and encourage them to remain committed to their organization. However, an…

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