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How to Structure Your Incentive Programs for Maximum Effectiveness

Employers routinely establish incentive programs in order to motivate employees to improve production and generate better results. But not all incentive programs are equally effective. Moreover, it can be complicated formulating incentive programs. Options abound, including bonuses, commissions, profit sharing, prizes, trophies, travel, extra time off, merchandise, and more. Incentives can then be offered under a variety of circumstances, including individual productivity achievements,[…]