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Incentive Program (Noun)

Meaning

A formal scheme for inducing someone (as employees) to do something.

Classification

Nouns denoting possession and transfer of possession.

Examples

  • The company launched an incentive program to encourage employees to meet their sales targets.
  • The incentive program offered employees a bonus for every new customer they brought in.
  • The government created an incentive program to encourage companies to invest in renewable energy.
  • Many companies have implemented incentive programs to reward employees for their suggestions on improving productivity.
  • The airline's incentive program rewards customers with free flights after they have earned a certain number of miles.

Synonyms

  • Incentive Scheme

Hypernyms

  • Strategy
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