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An incentive program is a type of incentive designed to encourage or reward certain behaviors or performance.
It can come in a variety of forms – Whether monetary rewards, non-cash benefits, recreational activities, or recognition and appreciation. This can be aimed at various goals, such as increasing sales, improving the quality of products or services, promoting innovation, or increasing efficiency.
An incentive program can have many benefits for a company, such as increasing employee motivation, improving performance, increasing customer satisfaction, or encouraging innovation.
However, it is important to regularly review and adjust the program to ensure it is having the desired effect and meeting the needs of the employees and the company.