What are the effects of incentive programs on employee performance?
Incentive programs can significantly boost employee performance by motivating them to achieve specific goals.
Can you give examples of effective incentive programs?
Sure! Examples include performance bonuses, employee recognition awards, and profit-sharing plans.
How do these programs affect employee morale?
They generally improve morale by making employees feel valued and recognized for their contributions.
Are there any downsides to incentive programs?
Yes, if not designed well, they can lead to unhealthy competition or stress among employees.
What factors should be considered when designing an incentive program?
Key factors include company culture, employee preferences, and alignment with business goals.
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