Management

Cost Effective Employee Incentive Programs

Cost Effective Employee Incentive Programs

Employee incentive programs are a formal system used to promote or persuade specific actions or behavior by a particular group of people during a defined period of time. Employee incentive programs are mainly used in business management to inspire employees and in sales to attract and keep customers. Incentive programs are programs used to raise overall employee performance. Employee incentive programs are frequently used to decrease turnover, boost morale and loyalty, progress employee wellness, boost retention, and constrain daily employee performance.