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.